Fiduciary Financial Group LLC Cuts Holdings in iShares TIPS Bond ETF $TIP

Fiduciary Financial Group LLC decreased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,358 shares of the exchange traded fund’s stock after selling 182 shares during the quarter. Fiduciary Financial Group LLC’s holdings in iShares TIPS Bond ETF were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TIP. Grey Fox Wealth Advisors LLC grew its stake in shares of iShares TIPS Bond ETF by 0.9% in the 1st quarter. Grey Fox Wealth Advisors LLC now owns 11,556 shares of the exchange traded fund’s stock worth $1,284,000 after buying an additional 98 shares in the last quarter. Tidal Investments LLC grew its position in iShares TIPS Bond ETF by 0.7% in the fourth quarter. Tidal Investments LLC now owns 17,017 shares of the exchange traded fund’s stock worth $1,813,000 after acquiring an additional 112 shares in the last quarter. Evexia Wealth LLC increased its stake in iShares TIPS Bond ETF by 2.9% during the first quarter. Evexia Wealth LLC now owns 4,056 shares of the exchange traded fund’s stock worth $443,000 after acquiring an additional 113 shares during the last quarter. Country Club Bank increased its stake in iShares TIPS Bond ETF by 4.2% during the first quarter. Country Club Bank now owns 2,942 shares of the exchange traded fund’s stock worth $326,000 after acquiring an additional 118 shares during the last quarter. Finally, CWC Advisors LLC. raised its position in iShares TIPS Bond ETF by 1.4% during the first quarter. CWC Advisors LLC. now owns 8,962 shares of the exchange traded fund’s stock valued at $996,000 after purchasing an additional 123 shares during the period. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Trading Down 0.1%

Shares of TIP opened at $111.67 on Friday. The company’s fifty day simple moving average is $110.32 and its 200-day simple moving average is $109.65. The company has a market cap of $13.91 billion, a P/E ratio of 12.40 and a beta of 0.19. iShares TIPS Bond ETF has a twelve month low of $106.04 and a twelve month high of $111.96.

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).