Park Place Capital Corp Sells 2,075 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Park Place Capital Corp trimmed its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 13.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 13,714 shares of the exchange traded fund’s stock after selling 2,075 shares during the quarter. Park Place Capital Corp’s holdings in iShares TIPS Bond ETF were worth $1,473,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Fortis Group Advisors LLC bought a new position in iShares TIPS Bond ETF in the 3rd quarter worth about $27,000. Trifecta Capital Advisors LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter worth about $27,000. Life Planning Partners Inc bought a new position in iShares TIPS Bond ETF in the 4th quarter worth about $30,000. Pacific Capital Wealth Advisors Inc. bought a new position in iShares TIPS Bond ETF in the 4th quarter worth about $33,000. Finally, Salem Investment Counselors Inc. bought a new position in shares of iShares TIPS Bond ETF during the first quarter valued at approximately $36,000.

iShares TIPS Bond ETF Stock Down 0.8 %

Shares of NYSEARCA TIP traded down $0.86 during midday trading on Monday, reaching $105.92. 4,132,679 shares of the company’s stock traded hands, compared to its average volume of 2,087,651. The stock’s 50 day simple moving average is $106.38 and its 200-day simple moving average is $106.69. iShares TIPS Bond ETF has a one year low of $101.74 and a one year high of $108.54. The company has a market cap of $18.38 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).