Sovereign Financial Group Inc. Sells 641 Shares of iShares TIPS Bond ETF $TIP

Sovereign Financial Group Inc. reduced its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,624 shares of the exchange traded fund’s stock after selling 641 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares TIPS Bond ETF were worth $1,169,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in shares of iShares TIPS Bond ETF by 2.6% in the 1st quarter. Bank of New York Mellon Corp now owns 376,852 shares of the exchange traded fund’s stock worth $41,865,000 after purchasing an additional 9,526 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of iShares TIPS Bond ETF by 24.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 178,402 shares of the exchange traded fund’s stock worth $19,819,000 after purchasing an additional 35,058 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of iShares TIPS Bond ETF by 295.0% in the 1st quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 177 shares in the last quarter. Fiera Capital Corp lifted its stake in iShares TIPS Bond ETF by 3.8% during the 1st quarter. Fiera Capital Corp now owns 4,456 shares of the exchange traded fund’s stock valued at $495,000 after acquiring an additional 165 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in iShares TIPS Bond ETF by 13.2% during the 1st quarter. Mackenzie Financial Corp now owns 54,000 shares of the exchange traded fund’s stock valued at $5,999,000 after acquiring an additional 6,300 shares in the last quarter. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Trading Up 0.4%

Shares of NYSEARCA:TIP opened at $111.51 on Friday. The stock’s fifty day simple moving average is $110.99 and its two-hundred day simple moving average is $109.86. iShares TIPS Bond ETF has a 1-year low of $106.04 and a 1-year high of $112.26. The stock has a market cap of $14.15 billion, a PE ratio of 12.40 and a beta of 0.19.

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).