Sovereign Financial Group Inc. Sells 733 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Sovereign Financial Group Inc. decreased its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,637 shares of the exchange traded fund’s stock after selling 733 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares TIPS Bond ETF were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wealthspire Advisors LLC lifted its position in iShares TIPS Bond ETF by 18.9% during the 2nd quarter. Wealthspire Advisors LLC now owns 4,606 shares of the exchange traded fund’s stock worth $492,000 after buying an additional 733 shares in the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of iShares TIPS Bond ETF by 12.2% during the second quarter. Citizens Financial Group Inc. RI now owns 2,156 shares of the exchange traded fund’s stock worth $230,000 after purchasing an additional 234 shares in the last quarter. Pekin Hardy Strauss Inc. grew its stake in shares of iShares TIPS Bond ETF by 7.2% during the second quarter. Pekin Hardy Strauss Inc. now owns 4,396 shares of the exchange traded fund’s stock valued at $469,000 after purchasing an additional 296 shares during the last quarter. Marshall Financial Group Inc. ADV grew its stake in shares of iShares TIPS Bond ETF by 40.3% during the second quarter. Marshall Financial Group Inc. ADV now owns 9,725 shares of the exchange traded fund’s stock valued at $1,038,000 after purchasing an additional 2,795 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at approximately $705,000.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $106.26 on Wednesday. The company has a market cap of $18.44 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The stock’s fifty day moving average price is $107.48 and its two-hundred day moving average price is $108.29. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06.

iShares TIPS Bond ETF 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).