Wealthcare Advisory Partners LLC Sells 301 Shares of iShares TIPS Bond ETF $TIP

Wealthcare Advisory Partners LLC lessened its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.5% in the second quarter, Holdings Channel reports. The firm owned 11,593 shares of the exchange traded fund’s stock after selling 301 shares during the period. Wealthcare Advisory Partners LLC’s holdings in iShares TIPS Bond ETF were worth $1,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. bought a new position in shares of iShares TIPS Bond ETF during the 1st quarter worth $26,000. Golden State Wealth Management LLC grew its stake in shares of iShares TIPS Bond ETF by 295.0% during the 1st quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 177 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of iShares TIPS Bond ETF during the 1st quarter worth $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of iShares TIPS Bond ETF during the 2nd quarter worth $28,000. Finally, Rossby Financial LCC bought a new position in shares of iShares TIPS Bond ETF during the 1st quarter worth $30,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $111.17 on Wednesday. The company has a market capitalization of $14.01 billion, a price-to-earnings ratio of 12.40 and a beta of 0.19. iShares TIPS Bond ETF has a fifty-two week low of $106.04 and a fifty-two week high of $112.26. The stock has a fifty day moving average of $110.91 and a 200-day moving average of $109.83.

iShares TIPS Bond ETF 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).