Wedbush Securities Inc. Cuts Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Wedbush Securities Inc. lowered its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,345 shares of the exchange traded fund’s stock after selling 391 shares during the quarter. Wedbush Securities Inc.’s holdings in iShares TIPS Bond ETF were worth $1,532,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. YHB Investment Advisors Inc. purchased a new stake in shares of iShares TIPS Bond ETF in the 1st quarter valued at $30,000. Private Ocean LLC boosted its position in iShares TIPS Bond ETF by 66.7% during the second quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 116 shares during the period. First Pacific Financial grew its stake in shares of iShares TIPS Bond ETF by 197.0% during the first quarter. First Pacific Financial now owns 294 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 195 shares during the last quarter. Salem Investment Counselors Inc. purchased a new position in shares of iShares TIPS Bond ETF in the first quarter worth about $36,000. Finally, Gradient Investments LLC lifted its stake in shares of iShares TIPS Bond ETF by 352.7% in the 2nd 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 Price Performance

TIP opened at $109.74 on Tuesday. The stock’s 50 day simple moving average is $108.13 and its 200 day simple moving average is $107.08. The firm has a market cap of $19.04 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).