Rathbones Group PLC Sells 18,823 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Rathbones Group PLC decreased its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 17.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 86,221 shares of the exchange traded fund’s stock after selling 18,823 shares during the quarter. Rathbones Group PLC’s holdings in iShares TIPS Bond ETF were worth $9,207,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Colony Family Offices LLC lifted its stake in shares of iShares TIPS Bond ETF by 5.4% during the 1st quarter. Colony Family Offices LLC now owns 1,906 shares of the exchange traded fund’s stock worth $205,000 after purchasing an additional 97 shares during the last quarter. Citizens & Northern Corp lifted its stake in shares of iShares TIPS Bond ETF by 3.0% during the 2nd quarter. Citizens & Northern Corp now owns 3,544 shares of the exchange traded fund’s stock worth $378,000 after purchasing an additional 102 shares during the last quarter. Clear Investment Research LLC lifted its stake in shares of iShares TIPS Bond ETF by 2.0% during the 4th quarter. Clear Investment Research LLC now owns 5,302 shares of the exchange traded fund’s stock worth $570,000 after purchasing an additional 103 shares during the last quarter. TNF LLC raised its stake in iShares TIPS Bond ETF by 1.1% in 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, Private Ocean LLC raised its stake in iShares TIPS Bond ETF by 66.7% in the second quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 116 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock opened at $110.44 on Monday. The stock has a 50-day moving average of $108.41 and a two-hundred day moving average of $107.19. iShares TIPS Bond ETF has a one year low of $101.74 and a one year high of $110.53. The stock has a market cap of $19.16 billion, a PE 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).