Parsons Capital Management Inc. RI Sells 722 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Parsons Capital Management Inc. RI reduced its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 13.7% during the second quarter, Holdings Channel reports. The institutional investor owned 4,553 shares of the exchange traded fund’s stock after selling 722 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in iShares TIPS Bond ETF were worth $486,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter worth $27,453,000. Wealth Forward LLC raised its stake in iShares TIPS Bond ETF by 0.7% in the second quarter. Wealth Forward LLC now owns 100,726 shares of the exchange traded fund’s stock valued at $10,755,000 after buying an additional 673 shares during the last quarter. Garrett Wealth Advisory Group LLC acquired a new stake in iShares TIPS Bond ETF in the second quarter worth about $336,000. Verger Capital Management LLC boosted its holdings in iShares TIPS Bond ETF by 1.2% in the second quarter. Verger Capital Management LLC now owns 65,498 shares of the exchange traded fund’s stock worth $6,994,000 after acquiring an additional 754 shares in the last quarter. Finally, Shilanski & Associates Inc. grew its stake in shares of iShares TIPS Bond ETF by 3.5% during the second quarter. Shilanski & Associates Inc. now owns 83,433 shares of the exchange traded fund’s stock worth $8,909,000 after acquiring an additional 2,835 shares during the last quarter.

iShares TIPS Bond ETF Stock Up 0.1 %

Shares of iShares TIPS Bond ETF stock traded up $0.07 during midday trading on Monday, hitting $108.46. The company had a trading volume of 1,143,724 shares, compared to its average volume of 1,954,250. The company has a fifty day simple moving average of $107.41 and a 200 day simple moving average of $106.77. The stock has a market cap of $18.82 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12-month low of $101.74 and a 12-month high of $109.13.

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).