Wealth Enhancement Advisory Services LLC Sells 12,272 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Wealth Enhancement Advisory Services LLC decreased its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,344 shares of the exchange traded fund’s stock after selling 12,272 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.11% of iShares TIPS Bond ETF worth $15,273,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new stake in iShares TIPS Bond ETF during the fourth quarter valued at about $26,000. Copia Wealth Management bought a new stake in iShares TIPS Bond ETF during the fourth quarter valued at about $26,000. Transce3nd LLC bought a new stake in iShares TIPS Bond ETF during the fourth quarter valued at about $29,000. Mainstream Capital Management LLC bought a new stake in iShares TIPS Bond ETF during the fourth quarter valued at about $30,000. Finally, Biltmore Family Office LLC bought a new stake in iShares TIPS Bond ETF during the fourth quarter valued at about $32,000.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $109.21 on Friday. iShares TIPS Bond ETF has a 1-year low of $104.69 and a 1-year high of $111.51. The stock’s 50-day moving average is $109.21 and its 200 day moving average is $108.51. The company has a market cap of $13.89 billion, a P/E ratio of 12.40 and a beta of 0.29.

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).