Avantax Advisory Services Inc. Decreases Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Avantax Advisory Services Inc. trimmed its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 15.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 49,235 shares of the exchange traded fund’s stock after selling 8,789 shares during the quarter. Avantax Advisory Services Inc.’s holdings in iShares TIPS Bond ETF were worth $5,246,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TIP. FMR LLC raised its position in shares of iShares TIPS Bond ETF by 106.7% during the 3rd quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock valued at $772,234,000 after buying an additional 3,608,542 shares in the last quarter. Assetmark Inc. raised its position in shares of iShares TIPS Bond ETF by 1,852.1% during the 4th quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock valued at $154,764,000 after buying an additional 1,378,094 shares in the last quarter. Wealthfront Advisers LLC bought a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $76,533,000. Sumitomo Life Insurance Co. grew its holdings in iShares TIPS Bond ETF by 58.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock valued at $155,749,000 after purchasing an additional 536,610 shares during the last quarter. Finally, Dynasty Wealth Management LLC bought a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $42,463,000.

iShares TIPS Bond ETF Trading Down 0.2 %

Shares of NYSEARCA:TIP opened at $109.42 on Friday. The company has a market capitalization of $14.25 billion, a price-to-earnings ratio of 12.32 and a beta of 0.28. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.06. The firm’s 50-day moving average is $108.31 and its 200 day moving average is $108.53.

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).