ESL Trust Services LLC Lowers Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

ESL Trust Services LLC lowered its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 30.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 775 shares of the exchange traded fund’s stock after selling 343 shares during the period. ESL Trust Services LLC’s holdings in iShares TIPS Bond ETF were worth $86,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norden Group LLC bought a new position in shares of iShares TIPS Bond ETF during the 1st quarter valued at about $258,000. Oppenheimer & Co. Inc. increased its position in iShares TIPS Bond ETF by 32.7% during the first quarter. Oppenheimer & Co. Inc. now owns 24,626 shares of the exchange traded fund’s stock valued at $2,645,000 after acquiring an additional 6,073 shares during the last quarter. Williams Jones Wealth Management LLC. raised its stake in shares of iShares TIPS Bond ETF by 6.4% in the first quarter. Williams Jones Wealth Management LLC. now owns 3,193 shares of the exchange traded fund’s stock valued at $343,000 after acquiring an additional 193 shares during the period. Wealth Forward LLC raised its stake in shares of iShares TIPS Bond ETF by 3.8% in the first quarter. Wealth Forward LLC now owns 100,053 shares of the exchange traded fund’s stock valued at $10,747,000 after acquiring an additional 3,660 shares during the period. Finally, Watershed Private Wealth LLC bought a new stake in iShares TIPS Bond ETF in the first quarter worth about $808,000.

iShares TIPS Bond ETF Stock Performance

TIP opened at $108.57 on Friday. iShares TIPS Bond ETF has a one year low of $103.19 and a one year high of $111.06. The stock has a market cap of $18.84 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The stock’s 50 day moving average price is $109.43 and its 200-day moving average price is $107.92.

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).