Alesco Advisors LLC Sells 2,873 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Alesco Advisors LLC reduced its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 13.1% in the fourth quarter, HoldingsChannel reports. The firm owned 19,037 shares of the exchange traded fund’s stock after selling 2,873 shares during the period. Alesco Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $2,046,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Trifecta Capital Advisors LLC bought a new stake in iShares TIPS Bond ETF in the fourth quarter worth approximately $27,000. Fortis Group Advisors LLC bought a new stake in iShares TIPS Bond ETF in the third quarter worth approximately $27,000. Life Planning Partners Inc bought a new stake in iShares TIPS Bond ETF in the fourth quarter worth approximately $30,000. Covestor Ltd bought a new stake in iShares TIPS Bond ETF in the third quarter worth approximately $33,000. Finally, Sound Income Strategies LLC increased its holdings in iShares TIPS Bond ETF by 108.7% in the fourth quarter. Sound Income Strategies LLC now owns 361 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 188 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP traded up $0.27 during midday trading on Friday, hitting $105.78. 1,382,551 shares of the stock traded hands, compared to its average volume of 2,184,771. The company has a market cap of $18.57 billion, a PE ratio of 11.92 and a beta of 0.09. iShares TIPS Bond ETF has a one year low of $101.74 and a one year high of $110.47. The business has a 50 day moving average price of $106.53 and a two-hundred day moving average price of $105.92.

iShares TIPS Bond ETF Company Profile

iShares TIPS Bond ETF (the Fund), formerly iShares Barclays Treasury Inflation Protected Securities Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) (the Index).