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

Concurrent Investment Advisors LLC cut its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 27.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,776 shares of the exchange traded fund’s stock after selling 1,456 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $402,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TIP. Kestra Investment Management LLC acquired a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at about $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 acquiring an additional 100 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at about $96,000. Bank of Jackson Hole Trust acquired a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at about $115,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of iShares TIPS Bond ETF during the third quarter valued at about $169,000.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $109.16 on Tuesday. The stock has a market cap of $13.97 billion, a PE ratio of 12.25 and a beta of 0.26. The firm has a 50-day simple moving average of $107.43 and a two-hundred day simple moving average of $108.43. 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).