Summit Wealth Group LLC Sells 1,314 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Summit Wealth Group LLC reduced its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 8.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,497 shares of the exchange traded fund’s stock after selling 1,314 shares during the quarter. Summit Wealth Group LLC’s holdings in iShares TIPS Bond ETF were worth $1,601,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TIP. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of iShares TIPS Bond ETF in the 1st quarter valued at approximately $26,315,000. CreativeOne Wealth LLC grew its holdings in iShares TIPS Bond ETF by 97.9% during the first quarter. CreativeOne Wealth LLC now owns 94,412 shares of the exchange traded fund’s stock worth $10,141,000 after purchasing an additional 46,707 shares during the period. EP Wealth Advisors LLC boosted its position in iShares TIPS Bond ETF by 13.7% during the first quarter. EP Wealth Advisors LLC now owns 27,633 shares of the exchange traded fund’s stock worth $2,968,000 after purchasing an additional 3,322 shares during the period. Kestra Advisory Services LLC lifted its position in iShares TIPS Bond ETF by 11.4% during the first quarter. Kestra Advisory Services LLC now owns 121,231 shares of the exchange traded fund’s stock worth $13,021,000 after acquiring an additional 12,394 shares during the last quarter. Finally, Fairview Capital Investment Management LLC grew its holdings in iShares TIPS Bond ETF by 8.0% in the 1st quarter. Fairview Capital Investment Management LLC now owns 52,318 shares of the exchange traded fund’s stock valued at $5,620,000 after buying an additional 3,865 shares in the last quarter.

iShares TIPS Bond ETF Trading Up 0.2 %

NYSEARCA TIP opened at $107.71 on Tuesday. The company has a market cap of $18.69 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1-year low of $104.19 and a 1-year high of $111.06. The company has a 50 day moving average of $109.23 and a 200-day moving average of $108.04.

iShares TIPS Bond ETF Company 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).