American Investment Services Inc. Reduces Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

American Investment Services Inc. trimmed its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 37.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 18,862 shares of the exchange traded fund’s stock after selling 11,209 shares during the period. American Investment Services Inc.’s holdings in iShares TIPS Bond ETF were worth $2,014,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TIP. Envestnet Asset Management Inc. boosted its holdings 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 worth $388,581,000 after acquiring an additional 410,284 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of iShares TIPS Bond ETF in the 1st quarter worth about $201,931,000. Sumitomo Life Insurance Co. raised its position in shares of iShares TIPS Bond ETF by 102.5% in the 1st quarter. Sumitomo Life Insurance Co. now owns 1,280,653 shares of the exchange traded fund’s stock worth $137,555,000 after purchasing an additional 648,150 shares during the last quarter. Evoke Wealth LLC boosted its stake in iShares TIPS Bond ETF by 181.8% in the 4th 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 in the last quarter. Finally, Bank of New York Mellon Corp grew 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 valued at $49,549,000 after purchasing an additional 107,653 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $110.55 on Monday. The firm has a market cap of $19.18 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a fifty-two week low of $101.74 and a fifty-two week high of $111.06. The firm has a 50-day simple moving average of $108.77 and a two-hundred day simple moving average of $107.31.

iShares TIPS Bond ETF Company 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).