GenTrust LLC Trims Stake in iShares TIPS Bond ETF $TIP

GenTrust LLC reduced its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.6% in the 2nd quarter, Holdings Channel reports. The firm owned 219,734 shares of the exchange traded fund’s stock after selling 13,022 shares during the period. iShares TIPS Bond ETF makes up 1.1% of GenTrust LLC’s holdings, making the stock its 23rd biggest holding. GenTrust LLC’s holdings in iShares TIPS Bond ETF were worth $24,179,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in 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 valued at $41,865,000 after purchasing an additional 9,526 shares during the last quarter. Arbor Investment Advisors LLC increased its position in iShares TIPS Bond ETF by 2.0% in the 2nd quarter. Arbor Investment Advisors LLC now owns 314,433 shares of the exchange traded fund’s stock valued at $34,600,000 after acquiring an additional 6,157 shares during the period. Golden State Wealth Management LLC increased its position in 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 valued at $26,000 after acquiring an additional 177 shares during the period. Fiera Capital Corp increased its position in iShares TIPS Bond ETF by 3.8% in 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 during the period. Finally, Chicago Partners Investment Group LLC increased its position in iShares TIPS Bond ETF by 48.0% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 26,128 shares of the exchange traded fund’s stock valued at $2,865,000 after acquiring an additional 8,474 shares during the period. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Down 0.2%

Shares of TIP stock opened at $111.98 on Friday. The stock has a market capitalization of $14.09 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 stock’s 50-day moving average price is $111.26 and its 200 day moving average price is $109.95.

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).