Transcend Capital Advisors LLC Reduces Stock Holdings in iShares TIPS Bond ETF $TIP

Transcend Capital Advisors LLC lowered its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 19.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,343 shares of the exchange traded fund’s stock after selling 573 shares during the quarter. Transcend Capital Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $258,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of iShares TIPS Bond ETF by 0.9% in the second quarter. Envestnet Asset Management Inc. now owns 2,180,866 shares of the exchange traded fund’s stock valued at $239,964,000 after buying an additional 19,125 shares in the last quarter. Sumitomo Life Insurance Co. boosted its stake in shares of iShares TIPS Bond ETF by 10.0% during the first quarter. Sumitomo Life Insurance Co. now owns 1,607,733 shares of the exchange traded fund’s stock valued at $178,603,000 after acquiring an additional 145,987 shares during the last quarter. 3EDGE Asset Management LP boosted its stake in shares of iShares TIPS Bond ETF by 96.5% during the first quarter. 3EDGE Asset Management LP now owns 1,561,824 shares of the exchange traded fund’s stock valued at $173,431,000 after acquiring an additional 766,851 shares during the last quarter. LPL Financial LLC boosted its stake in shares of iShares TIPS Bond ETF by 3.2% during the first quarter. LPL Financial LLC now owns 1,138,764 shares of the exchange traded fund’s stock valued at $126,505,000 after acquiring an additional 34,866 shares during the last quarter. Finally, Partners Capital Investment Group LLP boosted its stake in shares of iShares TIPS Bond ETF by 80.5% during 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 acquiring an additional 456,633 shares during the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.2%

TIP opened at $111.20 on Friday. The firm has a market cap of $14.06 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 52 week low of $106.04 and a 52 week high of $112.26. The business’s fifty day simple moving average is $111.42 and its 200 day simple moving average is $110.06.

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).