iShares TIPS Bond ETF (NYSEARCA:TIP) Holdings Cut by Mechanics Bank Trust Department

Mechanics Bank Trust Department reduced its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 8.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,075 shares of the exchange traded fund’s stock after selling 200 shares during the period. Mechanics Bank Trust Department’s holdings in iShares TIPS Bond ETF were worth $221,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. William B. Walkup & Associates Inc. purchased a new position in iShares TIPS Bond ETF in the second quarter valued at about $26,000. Eastern Bank purchased a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter worth about $37,000. Strategic Investment Solutions Inc. IL lifted its holdings in shares of 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 valued at $45,000 after buying an additional 204 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of iShares TIPS Bond ETF by 125.7% in the 3rd quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 298 shares in the last quarter. Finally, Abich Financial Wealth Management LLC increased its holdings in iShares TIPS Bond ETF by 28.5% in the second quarter. Abich Financial Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock worth $93,000 after buying an additional 194 shares during the last quarter.

iShares TIPS Bond ETF Stock Up 0.0 %

NYSEARCA TIP opened at $107.18 on Tuesday. The stock has a market capitalization of $18.60 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12-month low of $104.67 and a 12-month high of $111.06. The company has a 50 day moving average price of $107.42 and a two-hundred day moving average price of $108.31.

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).