iShares TIPS Bond ETF $TIP Stock: Hughes Financial Services LLC Cuts Stake

Hughes Financial Services LLC lowered its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 86.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,367 shares of the exchange traded fund’s stock after selling 20,937 shares during the quarter. Hughes Financial Services LLC’s holdings in iShares TIPS Bond ETF were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Kintra Wealth LLC boosted its holdings in iShares TIPS Bond ETF by 3.4% in the second quarter. Kintra Wealth LLC now owns 2,834 shares of the exchange traded fund’s stock worth $304,000 after purchasing an additional 94 shares in the last quarter. FC Advisory LLC increased its position in iShares TIPS Bond ETF by 1.9% during the second quarter. FC Advisory LLC now owns 5,445 shares of the exchange traded fund’s stock worth $596,000 after buying an additional 102 shares during the last quarter. Capital Analysts LLC raised its holdings in iShares TIPS Bond ETF by 1.6% during the second quarter. Capital Analysts LLC now owns 7,217 shares of the exchange traded fund’s stock valued at $790,000 after buying an additional 114 shares in the last quarter. Matrix Trust Co raised its holdings in iShares TIPS Bond ETF by 3.3% during the second quarter. Matrix Trust Co now owns 4,124 shares of the exchange traded fund’s stock valued at $451,000 after buying an additional 131 shares in the last quarter. Finally, William Howard & Co Financial Advisors Inc raised its holdings in iShares TIPS Bond ETF by 1.0% during the second quarter. William Howard & Co Financial Advisors Inc now owns 13,542 shares of the exchange traded fund’s stock valued at $1,482,000 after buying an additional 132 shares in the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA:TIP opened at $106.10 on Wednesday. iShares TIPS Bond ETF has a fifty-two week low of $103.75 and a fifty-two week high of $111.98. The business has a 50-day moving average of $105.66 and a two-hundred day moving average of $108.81. The stock has a market capitalization of $14.57 billion, a P/E ratio of 12.40 and a beta of 0.27.

About iShares TIPS Bond ETF

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.