Smith Moore & CO. reduced its position in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,304 shares of the exchange traded fund’s stock after selling 816 shares during the quarter. Smith Moore & CO.’s holdings in iShares TIPS Bond ETF were worth $885,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in TIP. Kohmann Bosshard Financial Services LLC bought a new position in iShares TIPS Bond ETF in the fourth quarter valued at approximately $26,000. Mainstream Capital Management LLC bought a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at $30,000. Biltmore Family Office LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth $32,000. Kestra Investment Management LLC bought a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth $45,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in iShares TIPS Bond ETF in the fourth quarter valued at about $47,000.
iShares TIPS Bond ETF Trading Down 0.3 %
Shares of NYSEARCA TIP opened at $110.60 on Friday. The company has a market cap of $14.50 billion, a price-to-earnings ratio of 12.43 and a beta of 0.29. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.51. The stock has a 50-day moving average price of $109.33 and a two-hundred day moving average price of $108.60.
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).
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