iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Sold by Summit Wealth Group LLC

Summit Wealth Group LLC trimmed its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 15.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,328 shares of the exchange traded fund’s stock after selling 2,169 shares during the period. Summit Wealth Group LLC’s holdings in iShares TIPS Bond ETF were worth $1,314,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. IFP Advisors Inc increased its holdings in shares of iShares TIPS Bond ETF by 285.7% during the 4th quarter. IFP Advisors Inc now owns 32,102 shares of the exchange traded fund’s stock valued at $3,420,000 after purchasing an additional 23,780 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at approximately $285,000. Golden Bell Financial Planning LLC purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at approximately $2,302,000. Lutz Financial Services LLC increased its holdings in shares of iShares TIPS Bond ETF by 6.0% during the 4th quarter. Lutz Financial Services LLC now owns 139,613 shares of the exchange traded fund’s stock valued at $14,876,000 after purchasing an additional 7,936 shares in the last quarter. Finally, Arbor Investment Advisors LLC increased its holdings in shares of iShares TIPS Bond ETF by 2.0% during the 4th quarter. Arbor Investment Advisors LLC now owns 294,729 shares of the exchange traded fund’s stock valued at $31,403,000 after purchasing an additional 5,662 shares in the last quarter.

iShares TIPS Bond ETF Price Performance

NYSEARCA:TIP opened at $109.62 on Wednesday. The firm has a market cap of $14.03 billion, a price-to-earnings ratio of 12.25 and a beta of 0.26. The company has a 50 day moving average price of $107.47 and a 200-day moving average price of $108.44. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.06.

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).