Sigma Investment Counselors Inc. Sells 1,970 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Sigma Investment Counselors Inc. decreased its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,538 shares of the exchange traded fund’s stock after selling 1,970 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in iShares TIPS Bond ETF were worth $3,787,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Eastern Bank purchased a new position in iShares TIPS Bond ETF during the third quarter worth $37,000. Kestra Investment Management LLC purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth about $45,000. GPS Wealth Strategies Group LLC boosted its stake in shares of iShares TIPS Bond ETF by 26.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 100 shares during the period. Centricity Wealth Management LLC bought a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $82,000. Finally, Eagle Bay Advisors LLC purchased a new stake in iShares TIPS Bond ETF in the 4th quarter worth about $96,000.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA:TIP opened at $108.92 on Friday. The firm has a market capitalization of $18.90 billion, a PE ratio of 11.86 and a beta of 0.09. The business has a 50 day simple moving average of $107.40 and a two-hundred day simple moving average of $108.41. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year 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).