Hardy Reed LLC Cuts Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Hardy Reed LLC lessened its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,925 shares of the exchange traded fund’s stock after selling 481 shares during the quarter. Hardy Reed LLC’s holdings in iShares TIPS Bond ETF were worth $418,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. GPS Wealth Strategies Group LLC increased its holdings in iShares TIPS Bond ETF by 26.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 100 shares during the period. FC Advisory LLC increased its holdings in iShares TIPS Bond ETF by 2.0% during the 4th quarter. FC Advisory LLC now owns 5,511 shares of the exchange traded fund’s stock worth $587,000 after purchasing an additional 110 shares during the period. Chicago Partners Investment Group LLC increased its holdings in iShares TIPS Bond ETF by 1.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,759 shares of the exchange traded fund’s stock worth $733,000 after purchasing an additional 117 shares during the period. Cutter & CO Brokerage Inc. increased its holdings in iShares TIPS Bond ETF by 2.4% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 5,467 shares of the exchange traded fund’s stock worth $604,000 after purchasing an additional 126 shares during the period. Finally, Colony Family Offices LLC increased its holdings in iShares TIPS Bond ETF by 7.0% during the 3rd quarter. Colony Family Offices LLC now owns 2,039 shares of the exchange traded fund’s stock worth $225,000 after purchasing an additional 133 shares during the period.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA TIP opened at $108.48 on Thursday. The stock’s 50-day moving average is $107.36 and its two-hundred day moving average is $108.41. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.06. The company has a market cap of $18.82 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

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).