First National Bank & Trust Co. of Newtown Sells 11,909 Shares of iShares TIPS Bond ETF $TIP

First National Bank & Trust Co. of Newtown lowered its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 14.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 72,535 shares of the exchange traded fund’s stock after selling 11,909 shares during the period. iShares TIPS Bond ETF accounts for about 1.7% of First National Bank & Trust Co. of Newtown’s holdings, making the stock its 9th biggest position. First National Bank & Trust Co. of Newtown owned approximately 0.06% of iShares TIPS Bond ETF worth $8,005,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. TD Capital Management LLC bought a new position in shares of iShares TIPS Bond ETF in the 4th quarter worth $25,000. Woodside Wealth Management LLC grew its position in iShares TIPS Bond ETF by 167.8% in the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 151 shares during the period. Evolution Wealth Management Inc. bought a new stake in iShares TIPS Bond ETF during the 4th quarter valued at $26,000. Laurel Wealth Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF during the fourth quarter worth about $28,000. Finally, Holos Integrated Wealth LLC bought a new stake in shares of iShares TIPS Bond ETF during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

TIP opened at $108.12 on Friday. iShares TIPS Bond ETF has a fifty-two week low of $107.98 and a fifty-two week high of $112.26. The firm has a market capitalization of $14.51 billion, a PE ratio of 12.40 and a beta of 0.26. The company’s 50-day moving average is $109.90 and its 200 day moving average is $110.44.

iShares TIPS Bond ETF Company 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.