Sandy Spring Bank Sells 1,467 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Sandy Spring Bank trimmed its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 10.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,228 shares of the exchange traded fund’s stock after selling 1,467 shares during the period. Sandy Spring Bank’s holdings in iShares TIPS Bond ETF were worth $1,409,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GenTrust LLC increased its position in iShares TIPS Bond ETF by 0.9% in the 3rd quarter. GenTrust LLC now owns 196,162 shares of the exchange traded fund’s stock valued at $21,670,000 after buying an additional 1,804 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in iShares TIPS Bond ETF by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock worth $318,257,000 after purchasing an additional 51,713 shares in the last quarter. Sterling Financial Planning Inc. raised its stake in shares of iShares TIPS Bond ETF by 70.6% in the fourth quarter. Sterling Financial Planning Inc. now owns 25,000 shares of the exchange traded fund’s stock worth $2,664,000 after purchasing an additional 10,345 shares during the last quarter. Merit Financial Group LLC raised its stake in shares of iShares TIPS Bond ETF by 167.4% in the fourth quarter. Merit Financial Group LLC now owns 5,084 shares of the exchange traded fund’s stock worth $542,000 after purchasing an additional 3,183 shares during the last quarter. Finally, M&T Bank Corp raised its stake in shares of iShares TIPS Bond ETF by 7.1% in the fourth quarter. M&T Bank Corp now owns 44,934 shares of the exchange traded fund’s stock worth $4,788,000 after purchasing an additional 2,993 shares during the last quarter.

iShares TIPS Bond ETF Stock Up 0.1 %

Shares of iShares TIPS Bond ETF stock opened at $110.23 on Friday. The company has a market cap of $14.35 billion, a PE ratio of 12.32 and a beta of 0.28. iShares TIPS Bond ETF has a 52 week low of $104.67 and a 52 week high of $111.06. The business has a 50 day moving average price of $108.58 and a 200-day moving average price of $108.55.

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).