Sunbelt Securities Inc. Sells 896 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Sunbelt Securities Inc. lowered its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,996 shares of the exchange traded fund’s stock after selling 896 shares during the quarter. Sunbelt Securities Inc.’s holdings in iShares TIPS Bond ETF were worth $1,174,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in shares of iShares TIPS Bond ETF by 41.4% during the second quarter. NewEdge Advisors LLC now owns 57,987 shares of the exchange traded fund’s stock worth $6,192,000 after purchasing an additional 16,970 shares in the last quarter. Buck Wealth Strategies LLC raised its holdings in shares of iShares TIPS Bond ETF by 1,108.6% during the second quarter. Buck Wealth Strategies LLC now owns 68,057 shares of the exchange traded fund’s stock worth $7,267,000 after acquiring an additional 62,426 shares during the period. Forefront Analytics LLC increased its stake in iShares TIPS Bond ETF by 11.8% in the 2nd quarter. Forefront Analytics LLC now owns 21,531 shares of the exchange traded fund’s stock valued at $2,299,000 after buying an additional 2,281 shares during the last quarter. Ascent Group LLC acquired a new stake in iShares TIPS Bond ETF in the 2nd quarter valued at $927,000. Finally, Dorsey Wright & Associates acquired a new position in shares of iShares TIPS Bond ETF during the 2nd quarter worth about $761,000.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $110.47 on Tuesday. The company has a market capitalization of $19.17 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The company has a 50-day simple moving average of $109.12 and a 200 day simple moving average of $107.45. iShares TIPS Bond ETF has a 52 week low of $101.74 and a 52 week high of $111.06.

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).