Summit Wealth Group LLC Sells 2,169 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Summit Wealth Group LLC lowered its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 15.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,328 shares of the exchange traded fund’s stock after selling 2,169 shares during the quarter. Summit Wealth Group LLC’s holdings in iShares TIPS Bond ETF were worth $1,314,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of TIP. GPS Wealth Strategies Group LLC boosted its stake in iShares TIPS Bond ETF by 26.0% in 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 in the last quarter. FC Advisory LLC boosted its stake in iShares TIPS Bond ETF by 2.0% in the 4th quarter. FC Advisory LLC now owns 5,511 shares of the exchange traded fund’s stock worth $587,000 after purchasing an additional 110 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in iShares TIPS Bond ETF by 1.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,759 shares of the exchange traded fund’s stock worth $733,000 after purchasing an additional 117 shares in the last quarter. Cutter & CO Brokerage Inc. boosted its stake in iShares TIPS Bond ETF by 2.4% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 5,467 shares of the exchange traded fund’s stock worth $604,000 after purchasing an additional 126 shares in the last quarter. Finally, Colony Family Offices LLC boosted its stake in iShares TIPS Bond ETF by 7.0% in the 3rd quarter. Colony Family Offices LLC now owns 2,039 shares of the exchange traded fund’s stock worth $225,000 after purchasing an additional 133 shares in the last quarter.

iShares TIPS Bond ETF Trading Up 0.4 %

Shares of NYSEARCA TIP opened at $109.62 on Wednesday. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.06. The company has a 50 day simple moving average of $107.47 and a two-hundred day simple moving average of $108.44. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of 12.25 and a beta of 0.26.

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).