Renasant Bank Lowers Stake in iShares TIPS Bond ETF $TIP

Renasant Bank cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 35.8% during the second quarter, HoldingsChannel reports. The fund owned 8,072 shares of the exchange traded fund’s stock after selling 4,500 shares during the quarter. Renasant Bank’s holdings in iShares TIPS Bond ETF were worth $888,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TIP. Arbor Investment Advisors LLC grew its position in shares of iShares TIPS Bond ETF by 2.0% in the 2nd quarter. Arbor Investment Advisors LLC now owns 314,433 shares of the exchange traded fund’s stock worth $34,600,000 after buying an additional 6,157 shares during the last quarter. Ethos Financial Group LLC grew its holdings in iShares TIPS Bond ETF by 21.3% in the second quarter. Ethos Financial Group LLC now owns 176,445 shares of the exchange traded fund’s stock worth $19,416,000 after purchasing an additional 30,925 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of iShares TIPS Bond ETF by 48.0% during the second quarter. Chicago Partners Investment Group LLC now owns 26,128 shares of the exchange traded fund’s stock worth $2,865,000 after purchasing an additional 8,474 shares in the last quarter. Fiera Capital Corp lifted its holdings in shares of iShares TIPS Bond ETF by 3.8% during the 1st quarter. Fiera Capital Corp now owns 4,456 shares of the exchange traded fund’s stock valued at $495,000 after purchasing an additional 165 shares during the last quarter. Finally, Fairway Wealth LLC boosted its position in shares of iShares TIPS Bond ETF by 9.5% in the 2nd quarter. Fairway Wealth LLC now owns 13,934 shares of the exchange traded fund’s stock worth $1,533,000 after purchasing an additional 1,212 shares in the last quarter. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $111.37 on Wednesday. The stock’s fifty day moving average price is $111.42 and its 200 day moving average price is $110.19. iShares TIPS Bond ETF has a 1-year low of $106.04 and a 1-year high of $112.26. The company has a market cap of $14.14 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

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).