Wedbush Securities Inc. Sells 713 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Wedbush Securities Inc. cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.6% in the fourth quarter, HoldingsChannel reports. The fund owned 12,047 shares of the exchange traded fund’s stock after selling 713 shares during the period. Wedbush Securities Inc.’s holdings in iShares TIPS Bond ETF were worth $1,284,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter worth approximately $26,000. Mainstream Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF during the fourth quarter worth $30,000. Biltmore Family Office LLC acquired a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at $32,000. Kestra Investment Management LLC bought a new position in iShares TIPS Bond ETF in the fourth quarter valued at about $45,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in iShares TIPS Bond ETF in the fourth quarter worth about $47,000.

iShares TIPS Bond ETF Trading Down 0.3 %

Shares of NYSEARCA:TIP opened at $110.60 on Monday. The stock has a market capitalization of $14.50 billion, a P/E ratio of 12.43 and a beta of 0.29. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.51. The business has a 50-day moving average price of $109.33 and a two-hundred day moving average price of $108.57.

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).