RFG Advisory LLC Sells 6,578 Shares of iShares TIPS Bond ETF $TIP

RFG Advisory LLC lowered its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 17.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 30,755 shares of the exchange traded fund’s stock after selling 6,578 shares during the period. RFG Advisory LLC’s holdings in iShares TIPS Bond ETF were worth $3,384,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in iShares TIPS Bond ETF by 2.6% during the first quarter. Bank of New York Mellon Corp now owns 376,852 shares of the exchange traded fund’s stock valued at $41,865,000 after buying an additional 9,526 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in iShares TIPS Bond ETF by 24.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 178,402 shares of the exchange traded fund’s stock valued at $19,819,000 after buying an additional 35,058 shares during the period. Golden State Wealth Management LLC boosted its position in iShares TIPS Bond ETF by 295.0% during the first 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 during the period. Fiera Capital Corp boosted its position in iShares TIPS Bond ETF by 3.8% during the first quarter. Fiera Capital Corp now owns 4,456 shares of the exchange traded fund’s stock worth $495,000 after purchasing an additional 165 shares during the period. Finally, Mackenzie Financial Corp boosted its position in iShares TIPS Bond ETF by 13.2% during the first quarter. Mackenzie Financial Corp now owns 54,000 shares of the exchange traded fund’s stock worth $5,999,000 after purchasing an additional 6,300 shares during the period. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.1%

Shares of NYSEARCA:TIP opened at $111.67 on Wednesday. The firm has a market capitalization of $14.10 billion, a PE ratio of 12.40 and a beta of 0.19. iShares TIPS Bond ETF has a twelve month low of $106.04 and a twelve month high of $112.26. The company has a 50-day moving average price of $111.04 and a two-hundred day moving average price of $109.88.

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).