iShares TIPS Bond ETF (NYSEARCA:TIP) Holdings Cut by First National Bank & Trust Co. of Newtown

First National Bank & Trust Co. of Newtown lowered its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 0.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 89,862 shares of the exchange traded fund’s stock after selling 317 shares during the period. iShares TIPS Bond ETF accounts for approximately 1.9% of First National Bank & Trust Co. of Newtown’s investment portfolio, making the stock its 9th biggest holding. First National Bank & Trust Co. of Newtown’s holdings in iShares TIPS Bond ETF were worth $9,927,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TIP. William B. Walkup & Associates Inc. bought a new stake in iShares TIPS Bond ETF in the second quarter valued at $26,000. Private Ocean LLC boosted its position in iShares TIPS Bond ETF by 66.7% during the 2nd quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 116 shares in the last quarter. Gradient Investments LLC grew its holdings in shares of iShares TIPS Bond ETF by 352.7% during the second quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 261 shares during the last quarter. Eastern Bank bought a new stake in shares of iShares TIPS Bond ETF during the third quarter valued at approximately $37,000. Finally, Hobbs Group Advisors LLC purchased a new position in iShares TIPS Bond ETF in the 2nd quarter worth approximately $40,000.

iShares TIPS Bond ETF Trading Up 0.4 %

Shares of TIP opened at $108.27 on Friday. iShares TIPS Bond ETF has a 12 month low of $103.19 and a 12 month high of $111.06. The business’s fifty day simple moving average is $109.45 and its two-hundred day simple moving average is $107.90. The company has a market cap of $18.78 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

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).