Garrett Wealth Advisory Group LLC Sells 539 Shares of iShares TIPS Bond ETF $TIP

Garrett Wealth Advisory Group LLC decreased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 18.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,410 shares of the exchange traded fund’s stock after selling 539 shares during the quarter. Garrett Wealth Advisory Group LLC’s holdings in iShares TIPS Bond ETF were worth $265,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TIP. Kingstone Capital Partners Texas LLC acquired a new position in iShares TIPS Bond ETF during the 2nd quarter worth approximately $51,846,000. Partners Capital Investment Group LLP grew 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 worth $113,756,000 after buying an additional 456,633 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of iShares TIPS Bond ETF by 45.0% during the first quarter. Ameriprise Financial Inc. now owns 971,032 shares of the exchange traded fund’s stock worth $108,387,000 after buying an additional 301,463 shares in the last quarter. Bank of Nova Scotia acquired a new position in shares of iShares TIPS Bond ETF during the first quarter worth $33,327,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of iShares TIPS Bond ETF by 82.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock valued at $54,099,000 after acquiring an additional 219,598 shares during the last quarter. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.1%

NYSEARCA TIP opened at $110.71 on Thursday. The company has a market cap of $14.06 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a twelve month low of $106.04 and a twelve month high of $112.26. The business’s fifty day moving average is $111.36 and its 200 day moving average is $110.22.

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).