Christensen King & Associates Investment Services Inc. Sells 287 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Christensen King & Associates Investment Services Inc. cut its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.9% in the fourth quarter, HoldingsChannel reports. The firm owned 9,461 shares of the exchange traded fund’s stock after selling 287 shares during the quarter. Christensen King & Associates Investment Services Inc.’s holdings in iShares TIPS Bond ETF were worth $1,009,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. FMR LLC grew its position in shares of iShares TIPS Bond ETF by 106.7% during the 3rd quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock worth $772,234,000 after buying an additional 3,608,542 shares in the last quarter. Sumitomo Life Insurance Co. purchased a new position in iShares TIPS Bond ETF during the 3rd quarter valued at about $102,200,000. International Assets Investment Management LLC raised its holdings in shares of iShares TIPS Bond ETF by 10,652.4% in the 3rd quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock valued at $44,412,000 after purchasing an additional 398,292 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter worth approximately $24,990,000. Finally, Invst LLC boosted its stake in shares of iShares TIPS Bond ETF by 2,678.4% during the second quarter. Invst LLC now owns 205,716 shares of the exchange traded fund’s stock valued at $21,789,000 after purchasing an additional 198,312 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of iShares TIPS Bond ETF stock opened at $106.22 on Tuesday. The company has a market capitalization of $18.43 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.06. The company has a 50-day simple moving average of $107.52 and a two-hundred day simple moving average of $108.29.

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).