One Capital Management LLC Reduces Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

One Capital Management LLC cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 331,740 shares of the exchange traded fund’s stock after selling 5,320 shares during the period. iShares TIPS Bond ETF makes up about 1.2% of One Capital Management LLC’s holdings, making the stock its 25th largest holding. One Capital Management LLC owned approximately 0.19% of iShares TIPS Bond ETF worth $35,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $26,000. Mainstream Capital Management LLC purchased a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at $30,000. Kestra Investment Management LLC purchased a new stake in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $45,000. GPS Wealth Strategies Group LLC grew its position in shares of iShares TIPS Bond ETF by 26.0% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after acquiring an additional 100 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in shares of iShares TIPS Bond ETF during the fourth quarter worth about $82,000.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $109.69 on Thursday. The company has a fifty day moving average of $107.89 and a 200-day moving average of $108.50. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.06. The stock has a market capitalization of $14.04 billion, a PE ratio of 12.25 and a beta of 0.26.

iShares TIPS Bond ETF Company 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).