Smith Moore & CO. Has $885,000 Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Smith Moore & CO. lessened its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,304 shares of the exchange traded fund’s stock after selling 816 shares during the quarter. Smith Moore & CO.’s holdings in iShares TIPS Bond ETF were worth $885,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Cambridge Associates LLC MA ADV raised its stake in shares of iShares TIPS Bond ETF by 2.7% during the fourth quarter. Cambridge Associates LLC MA ADV now owns 90,004 shares of the exchange traded fund’s stock valued at $9,590,000 after acquiring an additional 2,329 shares during the last quarter. Biltmore Family Office LLC acquired a new stake in iShares TIPS Bond ETF in the fourth quarter valued at $32,000. OneAscent Financial Services LLC bought a new position in iShares TIPS Bond ETF during the 4th quarter worth $1,546,000. DKM Wealth Management Inc. acquired a new position in iShares TIPS Bond ETF during the 4th quarter worth about $257,000. Finally, Private Portfolio Partners LLC lifted its holdings in iShares TIPS Bond ETF by 36.1% during the 4th quarter. Private Portfolio Partners LLC now owns 3,147 shares of the exchange traded fund’s stock worth $335,000 after buying an additional 835 shares during the period.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $110.60 on Friday. The business has a 50-day moving average of $109.33 and a 200-day moving average of $108.60. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of 12.43 and a beta of 0.29. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.51.

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).