Lutz Financial Services LLC Reduces Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Lutz Financial Services LLC lowered its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 0.6% in the third quarter, HoldingsChannel.com reports. The firm owned 131,677 shares of the exchange traded fund’s stock after selling 769 shares during the quarter. iShares TIPS Bond ETF comprises 1.2% of Lutz Financial Services LLC’s holdings, making the stock its 24th largest position. Lutz Financial Services LLC’s holdings in iShares TIPS Bond ETF were worth $14,546,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TIP. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of iShares TIPS Bond ETF during the 1st quarter worth about $201,931,000. Sumitomo Life Insurance Co. purchased a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter worth approximately $102,200,000. Envestnet Asset Management Inc. boosted its holdings in shares of iShares TIPS Bond ETF by 12.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock valued at $388,581,000 after buying an additional 410,284 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of iShares TIPS Bond ETF by 10,652.4% in the 3rd quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock valued at $44,412,000 after buying an additional 398,292 shares during the last quarter. Finally, Quotient Wealth Partners LLC raised its stake in iShares TIPS Bond ETF by 6,782.8% during the 2nd quarter. Quotient Wealth Partners LLC now owns 370,846 shares of the exchange traded fund’s stock worth $39,599,000 after acquiring an additional 365,458 shares in the last quarter.

iShares TIPS Bond ETF Price Performance

NYSEARCA TIP opened at $107.76 on Monday. The company has a fifty day moving average of $109.54 and a two-hundred day moving average of $107.87. The company has a market capitalization of $18.70 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1 year low of $103.19 and a 1 year high of $111.06.

iShares TIPS Bond ETF 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).