CFS Investment Advisory Services LLC Lowers Position in iShares TIPS Bond ETF $TIP

CFS Investment Advisory Services LLC trimmed its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 20.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,522 shares of the exchange traded fund’s stock after selling 5,610 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in iShares TIPS Bond ETF were worth $2,399,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TIP. American Capital Advisory LLC purchased a new position in iShares TIPS Bond ETF in the first quarter valued at $98,000. Addison Capital Co grew its position in shares of iShares TIPS Bond ETF by 92.1% during the 1st quarter. Addison Capital Co now owns 37,534 shares of the exchange traded fund’s stock valued at $4,142,000 after acquiring an additional 17,993 shares during the period. Great Hill Capital LLC grew its position in shares of iShares TIPS Bond ETF by 95.7% during the 1st quarter. Great Hill Capital LLC now owns 6,067 shares of the exchange traded fund’s stock valued at $670,000 after acquiring an additional 2,967 shares during the period. Fischer Financial Services Inc. increased its stake in shares of iShares TIPS Bond ETF by 1.5% in the 1st quarter. Fischer Financial Services Inc. now owns 110,791 shares of the exchange traded fund’s stock valued at $12,227,000 after purchasing an additional 1,597 shares in the last quarter. Finally, Interactive Financial Advisors Inc. raised its holdings in iShares TIPS Bond ETF by 4.8% in the 1st quarter. Interactive Financial Advisors Inc. now owns 6,926 shares of the exchange traded fund’s stock worth $764,000 after purchasing an additional 315 shares during the period. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Trading Down 0.1%

NYSEARCA TIP opened at $108.05 on Thursday. The stock has a market capitalization of $14.50 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The stock has a 50-day moving average of $109.98 and a 200 day moving average of $110.45. iShares TIPS Bond ETF has a twelve month low of $107.98 and a twelve month high of $112.26.

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.