SeaCrest Wealth Management LLC Sells 398 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

SeaCrest Wealth Management LLC cut its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.7% during the 3rd quarter, Holdings Channel reports. The fund owned 6,555 shares of the exchange traded fund’s stock after selling 398 shares during the period. SeaCrest Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $724,000 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 TIP. Goldman Sachs Group Inc. grew its holdings in iShares TIPS Bond ETF by 1.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 181,407 shares of the exchange traded fund’s stock valued at $19,499,000 after purchasing an additional 2,805 shares during the period. Fisher Asset Management LLC lifted its position in shares of iShares TIPS Bond ETF by 9.5% during the 4th quarter. Fisher Asset Management LLC now owns 7,346 shares of the exchange traded fund’s stock valued at $790,000 after buying an additional 635 shares in the last quarter. Banque Cantonale Vaudoise grew its stake in shares of iShares TIPS Bond ETF by 18.8% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,010 shares of the exchange traded fund’s stock valued at $108,000 after acquiring an additional 160 shares during the period. Legacy Financial Group LLC increased its holdings in iShares TIPS Bond ETF by 1,268.7% in the 1st quarter. Legacy Financial Group LLC now owns 114,166 shares of the exchange traded fund’s stock worth $12,263,000 after acquiring an additional 105,825 shares in the last quarter. Finally, Inscription Capital LLC raised its stake in iShares TIPS Bond ETF by 78.9% during the 1st quarter. Inscription Capital LLC now owns 7,315 shares of the exchange traded fund’s stock worth $782,000 after acquiring an additional 3,225 shares during the period.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA:TIP opened at $109.51 on Thursday. The company has a market capitalization of $19.00 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1-year low of $102.32 and a 1-year high of $111.06. The firm’s 50 day simple moving average is $109.57 and its two-hundred day simple moving average is $107.68.

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).