Lyell Wealth Management LP Cuts Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Lyell Wealth Management LP lessened its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 25,054 shares of the exchange traded fund’s stock after selling 1,314 shares during the period. Lyell Wealth Management LP’s holdings in iShares TIPS Bond ETF were worth $2,670,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of TIP. Eastern Bank purchased a new position in shares of iShares TIPS Bond ETF during the third quarter valued at about $37,000. Strategic Investment Solutions Inc. IL grew its position in shares of iShares TIPS Bond ETF by 102.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock valued at $45,000 after purchasing an additional 204 shares in the last quarter. Kestra Investment Management LLC purchased a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at about $45,000. GPS Wealth Strategies Group LLC grew its position in shares of iShares TIPS Bond ETF by 26.0% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 100 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at about $96,000.

iShares TIPS Bond ETF Stock Down 0.3 %

Shares of iShares TIPS Bond ETF stock opened at $108.26 on Wednesday. The firm has a market cap of $18.78 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The business has a 50-day moving average price of $107.37 and a 200-day moving average price of $108.42. iShares TIPS Bond ETF has a twelve month low of $104.67 and a twelve month high of $111.06.

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).