iShares TIPS Bond ETF $TIP Stake Reduced by Hillcrest Wealth Advisors NY LLC

Hillcrest Wealth Advisors NY LLC cut its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,085 shares of the exchange traded fund’s stock after selling 2,125 shares during the quarter. iShares TIPS Bond ETF comprises about 2.7% of Hillcrest Wealth Advisors NY LLC’s investment portfolio, making the stock its 11th biggest holding. Hillcrest Wealth Advisors NY LLC’s holdings in iShares TIPS Bond ETF were worth $5,841,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. bought a new stake in iShares TIPS Bond ETF in the first quarter worth about $26,000. Golden State Wealth Management LLC raised its position in iShares TIPS Bond ETF by 295.0% in the first quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 177 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in iShares TIPS Bond ETF in the first quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in iShares TIPS Bond ETF in the 2nd quarter worth about $28,000. Finally, Rossby Financial LCC purchased a new position in iShares TIPS Bond ETF in the 1st quarter worth about $30,000. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Trading Down 0.1%

Shares of TIP opened at $111.05 on Monday. The business’s 50-day moving average price is $110.86 and its 200 day moving average price is $109.81. The stock has a market capitalization of $13.99 billion, a P/E ratio of 12.40 and a beta of 0.19. iShares TIPS Bond ETF has a 1-year low of $106.04 and a 1-year high of $112.26.

iShares TIPS Bond ETF Company 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).