Creative Planning Sells 19,693 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Creative Planning reduced its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 13.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 130,978 shares of the exchange traded fund’s stock after selling 19,693 shares during the quarter. Creative Planning owned about 0.08% of iShares TIPS Bond ETF worth $13,986,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. YHB Investment Advisors Inc. bought a new stake in iShares TIPS Bond ETF in the first quarter worth approximately $30,000. Private Ocean LLC increased its holdings in iShares TIPS Bond ETF by 66.7% in the second quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 116 shares in the last quarter. Salem Investment Counselors Inc. bought a new stake in iShares TIPS Bond ETF in the first quarter worth approximately $36,000. Gradient Investments LLC increased its holdings in shares of 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 in the last quarter. Finally, Hobbs Group Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF during the second quarter valued at approximately $40,000.

iShares TIPS Bond ETF Stock Down 0.1 %

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

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).