PKS Advisory Services LLC Sells 5,761 Shares of iShares TIPS Bond ETF $TIP

PKS Advisory Services LLC decreased its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 19.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,749 shares of the exchange traded fund’s stock after selling 5,761 shares during the quarter. PKS Advisory Services LLC’s holdings in iShares TIPS Bond ETF were worth $2,610,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in shares of iShares TIPS Bond ETF in the third quarter valued at about $834,000. Park Avenue Securities LLC grew its stake in shares of iShares TIPS Bond ETF by 339.0% during the fourth quarter. Park Avenue Securities LLC now owns 27,677 shares of the exchange traded fund’s stock valued at $3,042,000 after buying an additional 21,372 shares during the last quarter. Bank of America Corp DE grew its stake in shares of iShares TIPS Bond ETF by 32.3% during the third quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock valued at $1,908,042,000 after buying an additional 4,189,926 shares during the last quarter. Keybank National Association OH grew its stake in shares of iShares TIPS Bond ETF by 3.0% during the fourth quarter. Keybank National Association OH now owns 635,191 shares of the exchange traded fund’s stock valued at $69,814,000 after buying an additional 18,437 shares during the last quarter. Finally, Envision Financial LLC grew its stake in shares of iShares TIPS Bond ETF by 200.0% during the fourth quarter. Envision Financial LLC now owns 9,000 shares of the exchange traded fund’s stock valued at $989,000 after buying an additional 6,000 shares during the last quarter. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.2%

Shares of NYSEARCA:TIP opened at $111.15 on Tuesday. iShares TIPS Bond ETF has a 52-week low of $107.98 and a 52-week high of $112.26. The stock has a market cap of $14.71 billion, a P/E ratio of 12.40 and a beta of 0.27. The business’s 50 day moving average is $111.08 and its 200 day moving average is $110.84.

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.