American Financial Advisors LLC Sells 3,220 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

American Financial Advisors LLC trimmed its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 18.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,239 shares of the exchange traded fund’s stock after selling 3,220 shares during the quarter. American Financial Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $1,531,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TIP. Coppell Advisory Solutions Corp. bought a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at approximately $26,000. Fortis Group Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF during the third quarter valued at approximately $27,000. Trifecta Capital Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at approximately $27,000. Fortis Capital Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at approximately $28,000. Finally, Life Planning Partners Inc bought a new position in iShares TIPS Bond ETF in the fourth quarter valued at approximately $30,000.

iShares TIPS Bond ETF Stock Up 0.2 %

TIP stock traded up $0.16 during midday trading on Friday, reaching $105.78. The company’s stock had a trading volume of 1,484,743 shares, compared to its average volume of 2,202,519. iShares TIPS Bond ETF has a 52 week low of $101.74 and a 52 week high of $110.88. The stock has a market cap of $18.57 billion, a PE ratio of 11.92 and a beta of 0.09. The business’s 50-day simple moving average is $106.58 and its 200-day simple moving average is $105.79.

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).