iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Sold by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC cut its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,359 shares of the exchange traded fund’s stock after selling 682 shares during the period. Soltis Investment Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $1,210,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TIP. Eastern Bank purchased a new position in shares of iShares TIPS Bond ETF in the third quarter valued at approximately $37,000. Strategic Investment Solutions Inc. IL boosted its stake 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 purchasing an additional 204 shares during the period. GPS Wealth Strategies Group LLC boosted its stake in shares of iShares TIPS Bond ETF by 26.0% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 100 shares during the period. Sound Income Strategies LLC boosted its stake in shares of iShares TIPS Bond ETF by 125.7% in the third quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 298 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at approximately $96,000.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP opened at $108.49 on Tuesday. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.06. The firm has a 50 day simple moving average of $107.40 and a 200-day simple moving average of $108.38. The firm has a market cap of $18.82 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

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).