Wesbanco Bank Inc. Has $1.30 Million Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Wesbanco Bank Inc. decreased its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 31.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,175 shares of the exchange traded fund’s stock after selling 5,657 shares during the period. Wesbanco Bank Inc.’s holdings in iShares TIPS Bond ETF were worth $1,297,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TIP. William B. Walkup & Associates Inc. acquired a new position in iShares TIPS Bond ETF in the second quarter worth $26,000. Eastern Bank bought a new position in shares of iShares TIPS Bond ETF in the third quarter valued at about $37,000. Strategic Investment Solutions Inc. IL lifted its position in iShares TIPS Bond ETF by 102.0% during 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. Sound Income Strategies LLC grew its holdings in iShares TIPS Bond ETF by 125.7% during the 3rd quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 298 shares during the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in iShares TIPS Bond ETF in the 4th quarter valued at about $96,000.

iShares TIPS Bond ETF Price Performance

TIP stock opened at $107.24 on Friday. The company has a 50 day moving average price of $107.38 and a 200 day moving average price of $108.31. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.06. The stock has a market capitalization of $18.61 billion, a PE ratio of 11.86 and a beta of 0.09.

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).