Rodgers Brothers Inc. Decreases Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Rodgers Brothers Inc. cut its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 15.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,274 shares of the exchange traded fund’s stock after selling 400 shares during the period. Rodgers Brothers Inc.’s holdings in iShares TIPS Bond ETF were worth $244,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TIP. Colony Family Offices LLC increased its position in shares of iShares TIPS Bond ETF by 5.4% during the first quarter. Colony Family Offices LLC now owns 1,906 shares of the exchange traded fund’s stock worth $205,000 after acquiring an additional 97 shares during the period. Clear Investment Research LLC increased its holdings in iShares TIPS Bond ETF by 2.0% during the 4th quarter. Clear Investment Research LLC now owns 5,302 shares of the exchange traded fund’s stock worth $570,000 after purchasing an additional 103 shares during the period. Archer Investment Corp increased its holdings in iShares TIPS Bond ETF by 10.1% during the 4th quarter. Archer Investment Corp now owns 1,268 shares of the exchange traded fund’s stock worth $136,000 after purchasing an additional 116 shares during the period. Principal Financial Group Inc. raised its position in iShares TIPS Bond ETF by 0.9% during the 1st quarter. Principal Financial Group Inc. now owns 13,577 shares of the exchange traded fund’s stock valued at $1,458,000 after purchasing an additional 117 shares in the last quarter. Finally, Inscription Capital LLC lifted its holdings in shares of iShares TIPS Bond ETF by 3.0% in the 4th quarter. Inscription Capital LLC now owns 4,090 shares of the exchange traded fund’s stock worth $440,000 after buying an additional 119 shares during the period.

iShares TIPS Bond ETF Trading Up 0.3 %

Shares of TIP traded up $0.32 during midday trading on Friday, reaching $107.38. 1,456,828 shares of the stock were exchanged, compared to its average volume of 2,028,211. The company’s 50 day moving average is $106.81 and its two-hundred day moving average is $106.64. The company has a market capitalization of $18.63 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 52 week low of $101.74 and a 52 week high of $108.54.

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).