iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Sold by Upper Left Wealth Management LLC

Upper Left Wealth Management LLC reduced its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,435 shares of the exchange traded fund’s stock after selling 107 shares during the quarter. Upper Left Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $473,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TIP. FSA Investment Group LLC purchased a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $422,000. Sage Financial Group Inc. raised its stake in shares of iShares TIPS Bond ETF by 24.9% in the fourth quarter. Sage Financial Group Inc. now owns 37,880 shares of the exchange traded fund’s stock valued at $4,036,000 after acquiring an additional 7,549 shares in the last quarter. Synergy Asset Management LLC purchased a new position in iShares TIPS Bond ETF in the fourth quarter valued at $1,026,000. Kaufman Rossin Wealth LLC purchased a new position in iShares TIPS Bond ETF in the fourth quarter valued at $209,000. Finally, Sumitomo Life Insurance Co. grew its stake in iShares TIPS Bond ETF by 58.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock worth $155,749,000 after purchasing an additional 536,610 shares in the last quarter.

iShares TIPS Bond ETF Price Performance

TIP stock opened at $107.93 on Friday. The business’s 50-day moving average is $107.38 and its two-hundred day moving average is $108.33. The firm has a market capitalization of $18.73 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year 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).