Flagstar Advisors Inc. Cuts Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Flagstar Advisors Inc. decreased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 26.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,885 shares of the exchange traded fund’s stock after selling 2,140 shares during the quarter. Flagstar Advisors Inc.’s holdings in iShares TIPS Bond ETF were worth $632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TIP. Fortis Group Advisors LLC bought a new stake in iShares TIPS Bond ETF in the third quarter worth $27,000. Trifecta Capital Advisors LLC bought a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $27,000. Life Planning Partners Inc purchased a new position in iShares TIPS Bond ETF in the fourth quarter worth about $30,000. Covestor Ltd purchased a new position in iShares TIPS Bond ETF in the third quarter worth about $33,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in iShares TIPS Bond ETF during the fourth quarter worth approximately $33,000.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA:TIP traded up $0.12 during trading on Tuesday, hitting $107.22. The company had a trading volume of 2,228,711 shares, compared to its average volume of 2,083,478. The stock has a market cap of $18.60 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The company has a fifty day simple moving average of $106.31 and a two-hundred day simple moving average of $106.66. iShares TIPS Bond ETF has a one year low of $101.74 and a one year high of $108.54.

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).