iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Sold by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC reduced its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 82.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,637 shares of the exchange traded fund’s stock after selling 7,916 shares during the period. Icon Wealth Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $181,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TIP. William B. Walkup & Associates Inc. purchased a new position in shares of iShares TIPS Bond ETF in the second quarter valued at $26,000. Private Ocean LLC lifted its holdings in iShares TIPS Bond ETF by 66.7% in the 2nd quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 116 shares in the last quarter. Eastern Bank purchased a new position in iShares TIPS Bond ETF in the 3rd quarter valued at about $37,000. Gradient Investments LLC grew its stake in shares of iShares TIPS Bond ETF by 352.7% during the second quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 261 shares in the last quarter. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF during the second quarter worth about $40,000.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $108.76 on Friday. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.06. The business’s 50-day simple moving average is $108.82 and its 200 day simple moving average is $108.16. The stock has a market cap of $18.87 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

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).