Anchor Investment Management LLC Sells 200 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Anchor Investment Management LLC reduced its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 29.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 484 shares of the exchange traded fund’s stock after selling 200 shares during the quarter. Anchor Investment Management LLC’s holdings in iShares TIPS Bond ETF were worth $52,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. William B. Walkup & Associates Inc. purchased a new position in shares of iShares TIPS Bond ETF during the second quarter valued at approximately $26,000. YHB Investment Advisors Inc. bought a new position in shares of iShares TIPS Bond ETF during the 1st quarter valued at $30,000. Private Ocean LLC boosted its stake in shares of iShares TIPS Bond ETF by 66.7% in the 2nd quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 116 shares during the last quarter. Salem Investment Counselors Inc. bought a new stake in shares of iShares TIPS Bond ETF in the first quarter worth $36,000. Finally, Gradient Investments LLC increased its position in iShares TIPS Bond ETF by 352.7% during the second quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 261 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $109.39 on Friday. The company has a market cap of $18.98 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The business’s 50-day moving average is $109.37 and its two-hundred day moving average is $107.54. iShares TIPS Bond ETF has a fifty-two week low of $101.74 and a fifty-two week high of $111.06.

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).