Sequent Planning LLC Has $10.11 Million Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Sequent Planning LLC lowered its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 11.5% in the 4th quarter, HoldingsChannel reports. The firm owned 94,905 shares of the exchange traded fund’s stock after selling 12,311 shares during the quarter. iShares TIPS Bond ETF makes up about 3.7% of Sequent Planning LLC’s holdings, making the stock its 4th biggest holding. Sequent Planning LLC’s holdings in iShares TIPS Bond ETF were worth $10,112,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of iShares TIPS Bond ETF in the fourth quarter worth about $26,000. Mainstream Capital Management LLC purchased a new position in shares of iShares TIPS Bond ETF in the fourth quarter worth about $30,000. Kestra Investment Management LLC purchased a new position in shares of iShares TIPS Bond ETF in the fourth quarter worth about $45,000. Runnymede Capital Advisors Inc. purchased a new position in shares of iShares TIPS Bond ETF in the fourth quarter worth about $47,000. Finally, GPS Wealth Strategies Group LLC increased its holdings in shares of iShares TIPS Bond ETF by 26.0% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 100 shares during the period.

iShares TIPS Bond ETF Trading Down 0.1 %

TIP opened at $110.10 on Monday. The company has a market cap of $14.34 billion, a P/E ratio of 12.32 and a beta of 0.28. The business’s 50-day moving average price is $108.66 and its 200-day moving average price is $108.55. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.06.

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).