iShares TIPS Bond ETF $TIP Shares Sold by Sequent Planning LLC

Sequent Planning LLC lowered its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 69.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 33,678 shares of the exchange traded fund’s stock after selling 77,424 shares during the quarter. iShares TIPS Bond ETF accounts for about 1.1% of Sequent Planning LLC’s portfolio, making the stock its 25th biggest holding. Sequent Planning LLC’s holdings in iShares TIPS Bond ETF were worth $3,746,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TIP. Root Financial Partners LLC acquired a new position in iShares TIPS Bond ETF during the third quarter worth $33,000. Abound Wealth Management purchased a new position in iShares TIPS Bond ETF during the third quarter valued at $41,000. Financial Gravity Companies Inc. acquired a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at about $43,000. Johnson Financial Group Inc. acquired a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at about $52,000. Finally, Vestwell Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF during the second quarter worth about $56,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Up 0.2%

TIP opened at $111.43 on Friday. iShares TIPS Bond ETF has a twelve month low of $106.47 and a twelve month high of $112.26. The company has a 50-day moving average price of $110.64 and a 200 day moving average price of $110.90. The company has a market cap of $13.96 billion, a PE ratio of 12.40 and a beta of 0.26.

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). 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.