iShares TIPS Bond ETF (NYSEARCA:TIP) Stake Reduced by Viewpoint Investment Partners Corp

Viewpoint Investment Partners Corp lessened its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 33.3% during the fourth quarter, HoldingsChannel reports. The firm owned 380,400 shares of the exchange traded fund’s stock after selling 189,500 shares during the period. iShares TIPS Bond ETF accounts for 52.8% of Viewpoint Investment Partners Corp’s portfolio, making the stock its largest position. Viewpoint Investment Partners Corp’s holdings in iShares TIPS Bond ETF were worth $40,532,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Eastern Bank acquired a new stake in iShares TIPS Bond ETF during the 3rd quarter valued at $37,000. Strategic Investment Solutions Inc. IL lifted its holdings in iShares TIPS Bond ETF by 102.0% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock worth $45,000 after buying an additional 204 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its position in iShares TIPS Bond ETF by 26.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock valued at $52,000 after buying an additional 100 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of iShares TIPS Bond ETF by 125.7% during the third quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 298 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF during the fourth quarter worth about $96,000.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $108.46 on Wednesday. The stock has a market cap of $18.82 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.06. The business’s 50-day simple moving average is $107.40 and its 200 day simple moving average is $108.39.

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).