Lido Advisors LLC Sells 66,032 Shares of iShares TIPS Bond ETF $TIP

Lido Advisors LLC decreased its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 35.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 118,816 shares of the exchange traded fund’s stock after selling 66,032 shares during the period. Lido Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $13,113,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of TIP. Bank of America Corp DE lifted its stake in iShares TIPS Bond ETF by 11.0% during the 2nd quarter. Bank of America Corp DE now owns 12,965,639 shares of the exchange traded fund’s stock valued at $1,426,739,000 after acquiring an additional 1,281,679 shares in the last quarter. Valpey Financial Services LLC boosted its holdings in iShares TIPS Bond ETF by 10,997.3% during the 4th quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock worth $266,969,000 after acquiring an additional 2,407,090 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth $187,000. Pictet Asset Management Holding SA grew its stake in shares of iShares TIPS Bond ETF by 16.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock worth $164,565,000 after acquiring an additional 214,700 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of iShares TIPS Bond ETF by 43.0% in the second quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock valued at $152,991,000 after purchasing an additional 417,901 shares during the last quarter. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $107.49 on Friday. The firm has a 50-day moving average of $109.25 and a 200-day moving average of $110.30. iShares TIPS Bond ETF has a one year low of $107.48 and a one year high of $112.26. The company has a market cap of $14.55 billion, a P/E ratio of 12.40 and a beta of 0.26.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.