Kingswood Wealth Advisors LLC Sells 4,494 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Kingswood Wealth Advisors LLC lessened its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 62.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,721 shares of the exchange traded fund’s stock after selling 4,494 shares during the period. Kingswood Wealth Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $292,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in shares of iShares TIPS Bond ETF by 17.6% in the third quarter. JPMorgan Chase & Co. now owns 5,577,654 shares of the exchange traded fund’s stock valued at $578,524,000 after buying an additional 835,933 shares during the period. Evoke Wealth LLC lifted its stake in iShares TIPS Bond ETF by 181.8% during the fourth quarter. Evoke Wealth LLC now owns 1,246,137 shares of the exchange traded fund’s stock worth $133,947,000 after purchasing an additional 803,988 shares during the period. Sumitomo Life Insurance Co. bought a new position in iShares TIPS Bond ETF during the fourth quarter worth about $67,988,000. 3EDGE Asset Management LP bought a new position in iShares TIPS Bond ETF during the fourth quarter worth about $63,005,000. Finally, International Assets Investment Management LLC lifted its stake in iShares TIPS Bond ETF by 7,161.8% during the fourth quarter. International Assets Investment Management LLC now owns 548,047 shares of the exchange traded fund’s stock worth $58,910,000 after purchasing an additional 540,500 shares during the period.

iShares TIPS Bond ETF Stock Down 0.3 %

Shares of TIP opened at $106.77 on Friday. The stock has a market cap of $18.52 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The company has a 50-day moving average price of $106.38 and a two-hundred day moving average price of $106.68. iShares TIPS Bond ETF has a 12 month low of $101.74 and a 12 month high of $108.54.

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).