Christensen King & Associates Investment Services Inc. Trims Stock Position in iShares TIPS Bond ETF $TIP

Christensen King & Associates Investment Services Inc. reduced its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,027 shares of the exchange traded fund’s stock after selling 273 shares during the quarter. Christensen King & Associates Investment Services Inc.’s holdings in iShares TIPS Bond ETF were worth $993,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TIP. Brighton Jones LLC increased its position in iShares TIPS Bond ETF by 8.0% during the 4th quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock valued at $1,583,000 after purchasing an additional 1,102 shares during the period. Northern Trust Corp purchased a new position in iShares TIPS Bond ETF during the 4th quarter valued at $829,000. Millennium Management LLC purchased a new position in iShares TIPS Bond ETF during the 4th quarter valued at $1,903,000. Ascent Group LLC purchased a new position in iShares TIPS Bond ETF during the 4th quarter valued at $785,000. Finally, American Trust increased its position in iShares TIPS Bond ETF by 21.0% during the 4th quarter. American Trust now owns 4,127 shares of the exchange traded fund’s stock valued at $440,000 after purchasing an additional 716 shares during the period. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Trading Down 0.2%

Shares of iShares TIPS Bond ETF stock opened at $111.17 on Tuesday. The company’s fifty day simple moving average is $110.59 and its two-hundred day simple moving average is $109.72. The company has a market cap of $13.85 billion, a P/E ratio of 12.40 and a beta of 0.19. iShares TIPS Bond ETF has a 12-month low of $106.04 and a 12-month high of $112.26.

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).