Focus Financial Network Inc. Reduces Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Focus Financial Network Inc. decreased its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,610 shares of the exchange traded fund’s stock after selling 409 shares during the period. Focus Financial Network Inc.’s holdings in iShares TIPS Bond ETF were worth $598,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TIP. Eastern Bank acquired a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at $37,000. Strategic Investment Solutions Inc. IL grew its position in iShares TIPS Bond ETF by 102.0% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 204 shares during the last quarter. GPS Wealth Strategies Group LLC increased its stake in iShares TIPS Bond ETF by 26.0% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 100 shares during the period. Eagle Bay Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $96,000. Finally, Tsfg LLC boosted its stake in shares of iShares TIPS Bond ETF by 8.3% during the third quarter. Tsfg LLC now owns 1,212 shares of the exchange traded fund’s stock worth $134,000 after buying an additional 93 shares during the period.

iShares TIPS Bond ETF Stock Down 0.6 %

NYSEARCA TIP opened at $107.81 on Thursday. The firm has a market cap of $18.71 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06. The business’s 50-day moving average price is $107.40 and its 200 day moving average price is $108.40.

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).