Ascent Wealth Partners LLC Trims Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Ascent Wealth Partners LLC decreased its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 16.9% during the second quarter, Holdings Channel reports. The institutional investor owned 33,266 shares of the exchange traded fund’s stock after selling 6,783 shares during the period. Ascent Wealth Partners LLC’s holdings in iShares TIPS Bond ETF were worth $3,552,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ieq Capital LLC boosted its position in shares of iShares TIPS Bond ETF by 3.9% during the fourth quarter. Ieq Capital LLC now owns 4,611 shares of the exchange traded fund’s stock worth $496,000 after acquiring an additional 174 shares during the last quarter. Summit Financial Strategies Inc. lifted its position in shares of iShares TIPS Bond ETF by 35.3% in the fourth quarter. Summit Financial Strategies Inc. now owns 3,056 shares of the exchange traded fund’s stock worth $328,000 after buying an additional 797 shares in the last quarter. Berger Financial Group Inc boosted its stake in iShares TIPS Bond ETF by 11.2% during the fourth quarter. Berger Financial Group Inc now owns 2,636 shares of the exchange traded fund’s stock valued at $283,000 after buying an additional 265 shares during the last quarter. Inscription Capital LLC grew its holdings in iShares TIPS Bond ETF by 78.9% during the 1st quarter. Inscription Capital LLC now owns 7,315 shares of the exchange traded fund’s stock valued at $782,000 after buying an additional 3,225 shares in the last quarter. Finally, Summit Global Investments bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth about $232,000.

iShares TIPS Bond ETF Stock Down 0.3 %

NYSEARCA:TIP traded down $0.35 during mid-day trading on Friday, hitting $108.87. 1,160,860 shares of the stock traded hands, compared to its average volume of 1,913,766. iShares TIPS Bond ETF has a 52 week low of $101.74 and a 52 week high of $109.61. The stock has a market capitalization of $18.89 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The firm’s 50 day moving average is $107.83 and its two-hundred day moving average is $106.93.

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).