Alliance Wealth Advisors LLC UT Cuts Holdings in iShares TIPS Bond ETF $TIP

Alliance Wealth Advisors LLC UT reduced its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 59.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,636 shares of the exchange traded fund’s stock after selling 18,182 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in iShares TIPS Bond ETF were worth $1,405,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in iShares TIPS Bond ETF by 11.0% in the second quarter. Bank of America Corp DE now owns 12,965,639 shares of the exchange traded fund’s stock valued at $1,426,739,000 after acquiring an additional 1,281,679 shares during the period. Hsbc Holdings PLC increased its holdings in shares of iShares TIPS Bond ETF by 4,627.6% in the 2nd quarter. Hsbc Holdings PLC now owns 2,910,259 shares of the exchange traded fund’s stock valued at $320,274,000 after purchasing an additional 2,848,700 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of iShares TIPS Bond ETF by 0.9% in the second quarter. Envestnet Asset Management Inc. now owns 2,180,866 shares of the exchange traded fund’s stock valued at $239,964,000 after purchasing an additional 19,125 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of iShares TIPS Bond ETF by 43.0% in the second quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock valued at $152,991,000 after purchasing an additional 417,901 shares during the period. Finally, Assetmark Inc. boosted its holdings in iShares TIPS Bond ETF by 4.1% during the second quarter. Assetmark Inc. now owns 1,304,696 shares of the exchange traded fund’s stock worth $143,569,000 after buying an additional 50,824 shares in the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Down 0.1%

Shares of TIP opened at $111.19 on Friday. iShares TIPS Bond ETF has a twelve month low of $106.47 and a twelve month high of $112.26. The firm has a market capitalization of $13.93 billion, a P/E ratio of 12.40 and a beta of 0.26. The firm’s 50-day moving average is $110.37 and its two-hundred day moving average is $110.82.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.