iShares TIPS Bond ETF $TIP Stake Cut by Bull Street Advisors LLC

Bull Street Advisors LLC cut its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 6.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,178 shares of the exchange traded fund’s stock after selling 1,500 shares during the quarter. Bull Street Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $2,220,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. CWM LLC lifted its stake in iShares TIPS Bond ETF by 3.4% in the second quarter. CWM LLC now owns 53,359 shares of the exchange traded fund’s stock valued at $5,872,000 after buying an additional 1,776 shares during the last quarter. Lodestar Private Asset Management LLC increased its holdings in shares of iShares TIPS Bond ETF by 11.3% during the second quarter. Lodestar Private Asset Management LLC now owns 42,232 shares of the exchange traded fund’s stock valued at $4,647,000 after purchasing an additional 4,293 shares during the period. Invictus Private Wealth LLC increased its holdings in shares of iShares TIPS Bond ETF by 44.4% during the second quarter. Invictus Private Wealth LLC now owns 16,600 shares of the exchange traded fund’s stock valued at $1,827,000 after purchasing an additional 5,102 shares during the period. Trust Co. of Toledo NA OH acquired a new position in shares of iShares TIPS Bond ETF during the second quarter valued at $1,651,000. Finally, Mainstay Capital Management LLC ADV increased its holdings in shares of iShares TIPS Bond ETF by 73.1% during the second quarter. Mainstay Capital Management LLC ADV now owns 4,536 shares of the exchange traded fund’s stock valued at $499,000 after purchasing an additional 1,916 shares during the period. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $111.51 on Friday. The firm has a market capitalization of $14.08 billion, a price-to-earnings ratio of 12.40 and a beta of 0.19. iShares TIPS Bond ETF has a one year low of $106.04 and a one year high of $112.26. The stock’s fifty day moving average is $110.99 and its 200-day moving average is $109.86.

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).