Kings Path Partners LLC Sells 313 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Kings Path Partners LLC trimmed its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 17.6% during the 4th quarter, HoldingsChannel reports. The fund owned 1,463 shares of the exchange traded fund’s stock after selling 313 shares during the quarter. Kings Path Partners LLC’s holdings in iShares TIPS Bond ETF were worth $156,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TIP. William B. Walkup & Associates Inc. purchased a new stake in iShares TIPS Bond ETF during the 2nd quarter valued at $26,000. Eastern Bank purchased a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter valued at about $37,000. Strategic Investment Solutions Inc. IL raised its position in iShares TIPS Bond ETF by 102.0% in the third quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock worth $45,000 after acquiring an additional 204 shares during the period. Sound Income Strategies LLC lifted its position in iShares TIPS Bond ETF by 125.7% during the third quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 298 shares in the last quarter. Finally, Abich Financial Wealth Management LLC grew its stake in shares of iShares TIPS Bond ETF by 28.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $93,000 after acquiring an additional 194 shares during the period.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP traded down $0.01 during midday trading on Monday, reaching $106.48. The stock had a trading volume of 1,928,675 shares, compared to its average volume of 2,620,945. The stock has a 50-day moving average of $107.72 and a 200-day moving average of $108.32. The company has a market capitalization of $18.47 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12-month low of $104.67 and a 12-month high of $111.06.

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).