EverSource Wealth Advisors LLC Sells 263 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

EverSource Wealth Advisors LLC reduced its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 16.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,292 shares of the exchange traded fund’s stock after selling 263 shares during the period. EverSource Wealth Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of TIP. Kohmann Bosshard Financial Services LLC bought a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $26,000. Mainstream Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth approximately $30,000. Kestra Investment Management LLC acquired a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $45,000. GPS Wealth Strategies Group LLC increased 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 valued at $52,000 after purchasing an additional 100 shares during the period. Finally, Washington Trust Advisors Inc. acquired a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at $57,000.

iShares TIPS Bond ETF Price Performance

TIP opened at $109.45 on Tuesday. The company has a market capitalization of $14.25 billion, a P/E ratio of 12.32 and a beta of 0.28. The firm’s fifty day moving average price is $108.37 and its two-hundred day moving average price is $108.52. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week 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).