iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Sold by Financial Gravity Asset Management Inc.

Financial Gravity Asset Management Inc. cut its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 66.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,450 shares of the exchange traded fund’s stock after selling 2,842 shares during the period. Financial Gravity Asset Management Inc.’s holdings in iShares TIPS Bond ETF were worth $155,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TIP. YHB Investment Advisors Inc. acquired a new position in iShares TIPS Bond ETF in the first quarter valued at approximately $30,000. Private Ocean LLC lifted its holdings 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 purchasing an additional 116 shares during the last quarter. First Pacific Financial boosted its position in iShares TIPS Bond ETF by 197.0% during the 1st quarter. First Pacific Financial now owns 294 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 195 shares during the period. Salem Investment Counselors Inc. bought a new position in iShares TIPS Bond ETF during the 1st quarter worth $36,000. Finally, Gradient Investments LLC increased its position in iShares TIPS Bond ETF by 352.7% in the second quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 261 shares during the period.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $109.49 on Friday. The firm has a fifty day moving average of $108.05 and a 200-day moving average of $107.04. The company has a market cap of $19.00 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1 year low of $101.74 and a 1 year high of $109.99.

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).