W.H. Cornerstone Investments Inc. Decreases Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

W.H. Cornerstone Investments Inc. decreased its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 32.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,420 shares of the exchange traded fund’s stock after selling 2,096 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in iShares TIPS Bond ETF were worth $475,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Avidian Wealth Solutions LLC lifted its holdings in shares of iShares TIPS Bond ETF by 206.0% during the 4th quarter. Avidian Wealth Solutions LLC now owns 17,269 shares of the exchange traded fund’s stock valued at $1,856,000 after buying an additional 11,626 shares during the period. Sykon Capital LLC bought a new position in iShares TIPS Bond ETF in the fourth quarter valued at about $1,212,000. ARS Wealth Advisors Group LLC purchased a new position in iShares TIPS Bond ETF in the fourth quarter worth about $219,000. Axxcess Wealth Management LLC grew its stake in shares of iShares TIPS Bond ETF by 108.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 51,731 shares of the exchange traded fund’s stock valued at $5,561,000 after purchasing an additional 26,952 shares during the period. Finally, Summit Global Investments purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $232,000.

iShares TIPS Bond ETF Stock Up 0.5 %

TIP traded up $0.54 during trading on Friday, hitting $105.93. The company’s stock had a trading volume of 2,388,261 shares, compared to its average volume of 2,200,094. iShares TIPS Bond ETF has a one year low of $101.74 and a one year high of $110.47. The business’s 50 day simple moving average is $106.48 and its 200-day simple moving average is $106.04. The firm has a market cap of $18.38 billion, a PE ratio of 11.86 and a beta of 0.09.

About iShares TIPS Bond ETF

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).