Rather & Kittrell Inc. Trims Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Rather & Kittrell Inc. trimmed its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.2% in the 4th quarter, HoldingsChannel reports. The fund owned 55,579 shares of the exchange traded fund’s stock after selling 1,231 shares during the quarter. iShares TIPS Bond ETF makes up approximately 1.4% of Rather & Kittrell Inc.’s holdings, making the stock its 16th biggest holding. Rather & Kittrell Inc.’s holdings in iShares TIPS Bond ETF were worth $5,922,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Twin Focus Capital Partners LLC boosted its stake in iShares TIPS Bond ETF by 5.8% during the fourth quarter. Twin Focus Capital Partners LLC now owns 109,986 shares of the exchange traded fund’s stock worth $11,719,000 after buying an additional 6,057 shares during the period. Evergreen Capital Management LLC lifted its holdings in shares of iShares TIPS Bond ETF by 1.8% in the 4th quarter. Evergreen Capital Management LLC now owns 34,026 shares of the exchange traded fund’s stock worth $3,625,000 after acquiring an additional 610 shares during the last quarter. Guggenheim Capital LLC boosted its position in shares of iShares TIPS Bond ETF by 2.5% during the 4th quarter. Guggenheim Capital LLC now owns 99,035 shares of the exchange traded fund’s stock worth $10,552,000 after purchasing an additional 2,462 shares during the period. Madden Advisory Services Inc. increased its holdings in iShares TIPS Bond ETF by 3.0% in the 4th quarter. Madden Advisory Services Inc. now owns 11,365 shares of the exchange traded fund’s stock valued at $1,211,000 after purchasing an additional 335 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its holdings in iShares TIPS Bond ETF by 7.7% in the 4th quarter. Belpointe Asset Management LLC now owns 51,859 shares of the exchange traded fund’s stock valued at $5,646,000 after purchasing an additional 3,697 shares during the last quarter.

iShares TIPS Bond ETF Stock Down 0.0 %

NYSEARCA:TIP opened at $108.48 on Wednesday. iShares TIPS Bond ETF has a 52 week low of $104.67 and a 52 week high of $111.51. The stock’s fifty day moving average is $109.43 and its two-hundred day moving average is $108.48. The stock has a market capitalization of $14.22 billion, a price-to-earnings ratio of 12.43 and a beta of 0.29.

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).