iShares TIPS Bond ETF $TIP Shares Sold by Curran Financial Partners LLC

Curran Financial Partners LLC trimmed its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 90.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,499 shares of the exchange traded fund’s stock after selling 22,785 shares during the period. Curran Financial Partners LLC’s holdings in iShares TIPS Bond ETF were worth $278,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TIP. Gladwyn Financial Advisors Inc. acquired a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at about $25,000. Oliver Lagore Vanvalin Investment Group purchased a new position in iShares TIPS Bond ETF during the second quarter valued at approximately $28,000. Grove Bank & Trust acquired a new position in iShares TIPS Bond ETF in the second quarter valued at approximately $31,000. ST Germain D J Co. Inc. boosted its position in iShares TIPS Bond ETF by 160.0% in the 2nd quarter. ST Germain D J Co. Inc. now owns 325 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 200 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter worth approximately $36,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $110.06 on Friday. The company’s fifty day moving average price is $110.90 and its 200 day moving average price is $110.54. iShares TIPS Bond ETF has a 1 year low of $106.09 and a 1 year high of $112.26. The company has a market capitalization of $13.98 billion, a PE ratio of 12.40 and a beta of 0.26.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.