Financial Counselors Inc. Has $418,000 Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Financial Counselors Inc. trimmed its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 9.6% in the third quarter, HoldingsChannel reports. The firm owned 3,783 shares of the exchange traded fund’s stock after selling 404 shares during the period. Financial Counselors Inc.’s holdings in iShares TIPS Bond ETF were worth $418,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tsfg LLC lifted its holdings in shares of iShares TIPS Bond ETF by 8.3% in the 3rd quarter. Tsfg LLC now owns 1,212 shares of the exchange traded fund’s stock worth $134,000 after purchasing an additional 93 shares in the last quarter. KMG Fiduciary Partners LLC raised its holdings in iShares TIPS Bond ETF by 0.6% during the third quarter. KMG Fiduciary Partners LLC now owns 16,016 shares of the exchange traded fund’s stock worth $1,769,000 after buying an additional 100 shares during the last quarter. Citizens & Northern Corp lifted its stake in shares of iShares TIPS Bond ETF by 3.0% in the second quarter. Citizens & Northern Corp now owns 3,544 shares of the exchange traded fund’s stock valued at $378,000 after buying an additional 102 shares in the last quarter. TNF LLC grew its holdings in shares of iShares TIPS Bond ETF by 1.1% during the second quarter. TNF LLC now owns 10,102 shares of the exchange traded fund’s stock valued at $1,079,000 after buying an additional 105 shares during the last quarter. Finally, Regal Investment Advisors LLC increased its position in shares of iShares TIPS Bond ETF by 2.0% during the second quarter. Regal Investment Advisors LLC now owns 5,509 shares of the exchange traded fund’s stock worth $588,000 after acquiring an additional 108 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $108.76 on Friday. The stock has a market cap of $18.87 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.06. The firm’s 50-day simple moving average is $108.82 and its 200 day simple moving average is $108.16.

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).