PFG Advisors Sells 984 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

PFG Advisors cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 20.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,795 shares of the exchange traded fund’s stock after selling 984 shares during the period. PFG Advisors’ holdings in iShares TIPS Bond ETF were worth $404,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. GenTrust LLC lifted its holdings in shares of iShares TIPS Bond ETF by 0.9% during the 3rd quarter. GenTrust LLC now owns 196,162 shares of the exchange traded fund’s stock worth $21,670,000 after acquiring an additional 1,804 shares during the period. JPMorgan Chase & Co. lifted its holdings in iShares TIPS Bond ETF by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock valued at $318,257,000 after purchasing an additional 51,713 shares during the last quarter. Merit Financial Group LLC lifted its holdings in iShares TIPS Bond ETF by 167.4% during the 4th quarter. Merit Financial Group LLC now owns 5,084 shares of the exchange traded fund’s stock valued at $542,000 after purchasing an additional 3,183 shares during the last quarter. M&T Bank Corp lifted its holdings in iShares TIPS Bond ETF by 7.1% during the 4th quarter. M&T Bank Corp now owns 44,934 shares of the exchange traded fund’s stock valued at $4,788,000 after purchasing an additional 2,993 shares during the last quarter. Finally, Citigroup Inc. increased its position in iShares TIPS Bond ETF by 17.9% in the 3rd quarter. Citigroup Inc. now owns 143,191 shares of the exchange traded fund’s stock valued at $15,818,000 after acquiring an additional 21,755 shares in the last quarter.

iShares TIPS Bond ETF Trading Down 0.2 %

TIP opened at $109.42 on Friday. The stock has a market capitalization of $14.25 billion, a PE ratio of 12.32 and a beta of 0.28. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.06. The firm has a 50-day moving average price of $108.31 and a two-hundred day moving average price of $108.53.

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).