Congress Wealth Management LLC DE Has $2.53 Million Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Congress Wealth Management LLC DE lowered its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 17.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,710 shares of the exchange traded fund’s stock after selling 4,928 shares during the quarter. Congress Wealth Management LLC DE’s holdings in iShares TIPS Bond ETF were worth $2,527,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Citigroup Inc. increased its position in shares of iShares TIPS Bond ETF by 17.9% during the third quarter. Citigroup Inc. now owns 143,191 shares of the exchange traded fund’s stock worth $15,818,000 after acquiring an additional 21,755 shares in the last quarter. Centaurus Financial Inc. acquired a new position in iShares TIPS Bond ETF during the 3rd quarter valued at about $169,000. FMR LLC increased its holdings in iShares TIPS Bond ETF by 106.7% during the 3rd quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock worth $772,234,000 after purchasing an additional 3,608,542 shares in the last quarter. Insight Wealth Partners LLC raised its stake in shares of iShares TIPS Bond ETF by 3.7% in the third quarter. Insight Wealth Partners LLC now owns 42,745 shares of the exchange traded fund’s stock worth $4,722,000 after purchasing an additional 1,510 shares during the last quarter. Finally, Benjamin Edwards Inc. purchased a new stake in shares of iShares TIPS Bond ETF in the third quarter worth approximately $593,000.

iShares TIPS Bond ETF Stock Down 0.1 %

Shares of NYSEARCA:TIP opened at $109.86 on Thursday. The business’s 50 day moving average is $108.86 and its 200 day moving average is $108.57. iShares TIPS Bond ETF has a 12-month low of $104.67 and a 12-month high of $111.06. The stock has a market cap of $14.30 billion, a price-to-earnings ratio of 12.32 and a beta of 0.28.

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).