iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. lowered its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 14.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,678 shares of the exchange traded fund’s stock after selling 793 shares during the period. Moors & Cabot Inc.’s holdings in iShares TIPS Bond ETF were worth $500,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in iShares TIPS Bond ETF by 12.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock valued at $388,581,000 after purchasing an additional 410,284 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in iShares TIPS Bond ETF in the 1st quarter valued at about $201,931,000. Sumitomo Life Insurance Co. raised its stake in iShares TIPS Bond ETF by 102.5% during the 1st quarter. Sumitomo Life Insurance Co. now owns 1,280,653 shares of the exchange traded fund’s stock valued at $137,555,000 after acquiring an additional 648,150 shares during the last quarter. Evoke Wealth LLC raised its stake in iShares TIPS Bond ETF by 181.8% during the 4th quarter. Evoke Wealth LLC now owns 1,246,137 shares of the exchange traded fund’s stock valued at $133,947,000 after acquiring an additional 803,988 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in iShares TIPS Bond ETF by 30.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 464,032 shares of the exchange traded fund’s stock worth $49,549,000 after acquiring an additional 107,653 shares during the period.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $110.70 on Friday. iShares TIPS Bond ETF has a 1 year low of $101.74 and a 1 year high of $111.06. The stock has a market capitalization of $19.21 billion, a P/E ratio of 11.86 and a beta of 0.09. The company’s fifty day moving average is $108.70 and its two-hundred day moving average is $107.29.

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).