AWM Capital LLC Cuts Position in iShares TIPS Bond ETF $TIP

AWM Capital LLC decreased its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.0% in the 2nd quarter, Holdings Channel reports. The firm owned 6,377 shares of the exchange traded fund’s stock after selling 337 shares during the quarter. AWM Capital LLC’s holdings in iShares TIPS Bond ETF were worth $702,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TIP. 3EDGE Asset Management LP grew its holdings in shares of iShares TIPS Bond ETF by 96.5% in the 1st quarter. 3EDGE Asset Management LP now owns 1,561,824 shares of the exchange traded fund’s stock worth $173,431,000 after acquiring an additional 766,851 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in iShares TIPS Bond ETF in the second quarter valued at $51,846,000. Partners Capital Investment Group LLP grew its holdings in iShares TIPS Bond ETF by 80.5% in the first quarter. Partners Capital Investment Group LLP now owns 1,023,999 shares of the exchange traded fund’s stock valued at $113,756,000 after purchasing an additional 456,633 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of iShares TIPS Bond ETF by 45.0% in the first quarter. Ameriprise Financial Inc. now owns 971,032 shares of the exchange traded fund’s stock valued at $108,387,000 after buying an additional 301,463 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new position in shares of iShares TIPS Bond ETF during the 1st quarter worth $33,327,000. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Down 0.1%

iShares TIPS Bond ETF stock opened at $111.05 on Monday. The firm has a market capitalization of $13.99 billion, a PE ratio of 12.40 and a beta of 0.19. iShares TIPS Bond ETF has a 52 week low of $106.04 and a 52 week high of $112.26. The firm’s 50-day simple moving average is $110.86 and its 200 day simple moving average is $109.81.

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).