iShares TIPS Bond ETF (NYSEARCA:TIP) Stock Position Reduced by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 11.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 153,795 shares of the exchange traded fund’s stock after selling 19,347 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in iShares TIPS Bond ETF were worth $16,422,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of iShares TIPS Bond ETF during the first quarter valued at $201,931,000. Sumitomo Life Insurance Co. boosted its holdings in shares of iShares TIPS Bond ETF by 102.5% in the 1st quarter. Sumitomo Life Insurance Co. now owns 1,280,653 shares of the exchange traded fund’s stock worth $137,555,000 after acquiring an additional 648,150 shares in the last quarter. Evoke Wealth LLC lifted its holdings in iShares TIPS Bond ETF by 181.8% during the 4th quarter. Evoke Wealth LLC now owns 1,246,137 shares of the exchange traded fund’s stock worth $133,947,000 after buying an additional 803,988 shares in the last quarter. Campbell Wealth Management increased its position in shares of iShares TIPS Bond ETF by 2.0% in the 4th quarter. Campbell Wealth Management now owns 506,023 shares of the exchange traded fund’s stock valued at $54,392,000 after buying an additional 9,857 shares in the last quarter. Finally, Viewpoint Investment Partners Corp increased its holdings in iShares TIPS Bond ETF by 31.5% during the 1st quarter. Viewpoint Investment Partners Corp now owns 464,000 shares of the exchange traded fund’s stock worth $49,838,000 after purchasing an additional 111,200 shares in the last quarter.

iShares TIPS Bond ETF Price Performance

TIP stock traded up $0.14 during trading hours on Wednesday, reaching $108.86. 233,987 shares of the stock were exchanged, compared to its average volume of 1,974,459. iShares TIPS Bond ETF has a 12 month low of $101.74 and a 12 month high of $109.13. The company has a market cap of $18.89 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The firm’s 50-day moving average is $107.25 and its 200-day moving average is $106.74.

iShares TIPS Bond ETF 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).