Mine & Arao Wealth Creation & Management LLC. Reduces Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Mine & Arao Wealth Creation & Management LLC. lowered its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,054 shares of the exchange traded fund’s stock after selling 191 shares during the period. Mine & Arao Wealth Creation & Management LLC.’s holdings in iShares TIPS Bond ETF were worth $669,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of TIP. Norden Group LLC acquired a new stake in shares of iShares TIPS Bond ETF in the 1st quarter valued at about $258,000. Oppenheimer & Co. Inc. raised its stake in iShares TIPS Bond ETF by 32.7% during the first quarter. Oppenheimer & Co. Inc. now owns 24,626 shares of the exchange traded fund’s stock valued at $2,645,000 after buying an additional 6,073 shares in the last quarter. Shared Vision Wealth Group LLC lifted its holdings in iShares TIPS Bond ETF by 32.2% during the 1st quarter. Shared Vision Wealth Group LLC now owns 11,089 shares of the exchange traded fund’s stock worth $1,191,000 after buying an additional 2,699 shares during the last quarter. Williams Jones Wealth Management LLC. grew its position in shares of iShares TIPS Bond ETF by 6.4% in the 1st quarter. Williams Jones Wealth Management LLC. now owns 3,193 shares of the exchange traded fund’s stock worth $343,000 after acquiring an additional 193 shares in the last quarter. Finally, Wealth Forward LLC increased its holdings in shares of iShares TIPS Bond ETF by 3.8% in the 1st quarter. Wealth Forward LLC now owns 100,053 shares of the exchange traded fund’s stock valued at $10,747,000 after acquiring an additional 3,660 shares during the last quarter.

iShares TIPS Bond ETF Trading Up 0.4 %

TIP stock opened at $108.27 on Friday. The firm has a market cap of $18.78 billion, a P/E ratio of 11.86 and a beta of 0.09. The stock’s 50 day simple moving average is $109.45 and its 200 day simple moving average is $107.90. iShares TIPS Bond ETF has a 12-month low of $103.19 and a 12-month 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).