Foster & Motley Inc. Trims Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Foster & Motley Inc. lessened its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,970 shares of the exchange traded fund’s stock after selling 967 shares during the quarter. Foster & Motley Inc.’s holdings in iShares TIPS Bond ETF were worth $3,620,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Eastern Bank acquired a new position in iShares TIPS Bond ETF in the 3rd quarter worth approximately $37,000. Strategic Investment Solutions Inc. IL boosted its holdings in shares of iShares TIPS Bond ETF by 102.0% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock valued at $45,000 after acquiring an additional 204 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of iShares TIPS Bond ETF by 125.7% in the third quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 298 shares during the period. Eagle Bay Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF during the fourth quarter worth $96,000. Finally, Tsfg LLC lifted its position in iShares TIPS Bond ETF by 8.3% during the third quarter. Tsfg LLC now owns 1,212 shares of the exchange traded fund’s stock valued at $134,000 after purchasing an additional 93 shares during the period.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $107.82 on Thursday. The business’s 50-day moving average is $107.38 and its two-hundred day moving average is $108.33. The company has a market capitalization of $18.71 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.06.

About iShares TIPS Bond ETF

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).