Spire Wealth Management Lowers Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Spire Wealth Management cut its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 11.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 88,992 shares of the exchange traded fund’s stock after selling 12,028 shares during the period. Spire Wealth Management owned 0.05% of iShares TIPS Bond ETF worth $9,471,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Colony Family Offices LLC boosted its holdings in iShares TIPS Bond ETF by 5.4% during the first quarter. Colony Family Offices LLC now owns 1,906 shares of the exchange traded fund’s stock worth $205,000 after buying an additional 97 shares in the last quarter. Citizens & Northern Corp grew its position in iShares TIPS Bond ETF by 3.0% in the second quarter. Citizens & Northern Corp now owns 3,544 shares of the exchange traded fund’s stock worth $378,000 after buying an additional 102 shares during the last quarter. Clear Investment Research LLC grew its position in iShares TIPS Bond ETF by 2.0% in the fourth quarter. Clear Investment Research LLC now owns 5,302 shares of the exchange traded fund’s stock worth $570,000 after buying an additional 103 shares during the last quarter. TNF LLC grew its position in iShares TIPS Bond ETF by 1.1% in the second quarter. TNF LLC now owns 10,102 shares of the exchange traded fund’s stock worth $1,079,000 after buying an additional 105 shares during the last quarter. Finally, Private Ocean LLC grew its position in iShares TIPS Bond ETF by 66.7% in the second quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 116 shares during the last quarter.

iShares TIPS Bond ETF Stock Down 0.3 %

iShares TIPS Bond ETF stock traded down $0.35 during mid-day trading on Friday, hitting $108.87. The company’s stock had a trading volume of 1,160,860 shares, compared to its average volume of 1,913,766. The stock has a market capitalization of $18.89 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a twelve month low of $101.74 and a twelve month high of $109.61. The stock’s fifty day moving average price is $107.83 and its two-hundred day moving average price is $106.94.

About iShares TIPS Bond ETF

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).