iShares TIPS Bond ETF $TIP Shares Sold by First National Bank & Trust Co. of Newtown

First National Bank & Trust Co. of Newtown cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,755 shares of the exchange traded fund’s stock after selling 610 shares during the quarter. iShares TIPS Bond ETF makes up 1.9% of First National Bank & Trust Co. of Newtown’s portfolio, making the stock its 8th biggest holding. First National Bank & Trust Co. of Newtown owned 0.07% of iShares TIPS Bond ETF worth $9,436,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in TIP. Brighton Jones LLC lifted its holdings in iShares TIPS Bond ETF by 8.0% in the 4th quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock worth $1,583,000 after purchasing an additional 1,102 shares during the last quarter. NBC Securities Inc. acquired a new stake in iShares TIPS Bond ETF in the 1st quarter worth approximately $26,000. Merit Financial Group LLC lifted its holdings in iShares TIPS Bond ETF by 62.4% in the 1st quarter. Merit Financial Group LLC now owns 8,257 shares of the exchange traded fund’s stock worth $917,000 after purchasing an additional 3,173 shares during the last quarter. RFG Advisory LLC increased its position in iShares TIPS Bond ETF by 454.2% in the 1st quarter. RFG Advisory LLC now owns 37,333 shares of the exchange traded fund’s stock worth $4,147,000 after buying an additional 30,597 shares during the period. Finally, Horizons Wealth Management increased its position in iShares TIPS Bond ETF by 3.1% in the 1st quarter. Horizons Wealth Management now owns 55,317 shares of the exchange traded fund’s stock worth $6,145,000 after buying an additional 1,644 shares during the period. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Trading Up 0.2%

TIP opened at $111.22 on Thursday. The stock has a market cap of $13.86 billion, a PE ratio of 12.40 and a beta of 0.19. iShares TIPS Bond ETF has a 1 year low of $106.04 and a 1 year high of $112.26. The stock’s 50 day simple moving average is $110.81 and its 200-day simple moving average is $109.80.

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).