Arkansas Financial Group Inc. Cuts Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Arkansas Financial Group Inc. lessened its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 13.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,455 shares of the exchange traded fund’s stock after selling 28,994 shares during the period. iShares TIPS Bond ETF comprises 3.3% of Arkansas Financial Group Inc.’s investment portfolio, making the stock its 8th biggest holding. Arkansas Financial Group Inc.’s holdings in iShares TIPS Bond ETF were worth $20,186,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. William B. Walkup & Associates Inc. bought a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter worth $26,000. Eastern Bank bought a new position in shares of iShares TIPS Bond ETF during the 3rd quarter valued at approximately $37,000. Strategic Investment Solutions Inc. IL raised 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 worth $45,000 after purchasing an additional 204 shares during the period. Sound Income Strategies LLC lifted its stake in 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 valued at $59,000 after purchasing an additional 298 shares during the last quarter. Finally, Abich Financial Wealth Management LLC increased its position in iShares TIPS Bond ETF by 28.5% in the second quarter. Abich Financial Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock worth $93,000 after buying an additional 194 shares during the last quarter.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $107.00 on Thursday. The firm has a market cap of $18.56 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.06. The stock’s fifty day moving average price is $107.38 and its two-hundred day moving average price is $108.31.

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).