Parsons Capital Management Inc. RI Sells 171 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Parsons Capital Management Inc. RI trimmed its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,805 shares of the exchange traded fund’s stock after selling 171 shares during the period. Parsons Capital Management Inc. RI’s holdings in iShares TIPS Bond ETF were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. acquired a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at approximately $26,000. Eastern Bank bought a new position in iShares TIPS Bond ETF in the third quarter valued at approximately $37,000. Strategic Investment Solutions Inc. IL boosted its holdings in shares of iShares TIPS Bond ETF by 102.0% in the third 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 period. Sound Income Strategies LLC increased its position in shares of iShares TIPS Bond ETF by 125.7% during the third quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 298 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF during the fourth quarter worth $96,000.

iShares TIPS Bond ETF Trading Up 0.1 %

Shares of NYSEARCA TIP opened at $107.95 on Wednesday. The company has a fifty day moving average price of $107.38 and a 200 day moving average price of $108.33. The firm has a market cap of $18.73 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.06.

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).