iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Sold by Principal Securities Inc.

Principal Securities Inc. cut its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 81.8% in the fourth quarter, HoldingsChannel reports. The firm owned 63,237 shares of the exchange traded fund’s stock after selling 284,026 shares during the period. Principal Securities Inc.’s holdings in iShares TIPS Bond ETF were worth $6,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its position in shares of iShares TIPS Bond ETF by 0.5% in the fourth quarter. Rhumbline Advisers now owns 288,596 shares of the exchange traded fund’s stock worth $30,750,000 after acquiring an additional 1,459 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in shares of iShares TIPS Bond ETF in the fourth quarter worth about $1,135,000. DORVAL Corp raised its position in shares of iShares TIPS Bond ETF by 5.7% in the fourth quarter. DORVAL Corp now owns 157,951 shares of the exchange traded fund’s stock worth $16,830,000 after acquiring an additional 8,572 shares during the period. TFB Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF in the fourth quarter worth about $1,071,000. Finally, Shade Tree Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF in the fourth quarter worth about $362,000.

iShares TIPS Bond ETF Stock Performance

Shares of iShares TIPS Bond ETF stock opened at $108.61 on Monday. The firm has a 50-day simple moving average of $107.37 and a two-hundred day simple moving average of $108.41. The company has a market cap of $18.84 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.

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).