WASHINGTON TRUST Co Sells 563 Shares of iShares TIPS Bond ETF $TIP

WASHINGTON TRUST Co decreased its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,588 shares of the exchange traded fund’s stock after selling 563 shares during the period. WASHINGTON TRUST Co’s holdings in iShares TIPS Bond ETF were worth $1,935,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TIP. Gladwyn Financial Advisors Inc. bought a new stake in shares of iShares TIPS Bond ETF in the second quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in iShares TIPS Bond ETF during the 1st quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter worth approximately $28,000. Avalon Trust Co bought a new position in iShares TIPS Bond ETF in the 1st quarter worth about $31,000. Finally, Grove Bank & Trust purchased a new position in iShares TIPS Bond ETF in the second quarter worth about $31,000. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Down 0.1%

NYSEARCA:TIP traded down $0.13 during trading hours on Thursday, hitting $111.01. 192,222 shares of the stock traded hands, compared to its average volume of 2,600,714. The stock has a 50 day moving average price of $111.43 and a 200 day moving average price of $110.20. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 1 year low of $106.04 and a 1 year high of $112.26.

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).