Brookstone Capital Management Sells 11,987 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Brookstone Capital Management trimmed its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 32.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 25,230 shares of the exchange traded fund’s stock after selling 11,987 shares during the quarter. Brookstone Capital Management’s holdings in iShares TIPS Bond ETF were worth $2,710,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Clear Investment Research LLC grew its holdings in iShares TIPS Bond ETF by 2.0% during the 4th quarter. Clear Investment Research LLC now owns 5,302 shares of the exchange traded fund’s stock valued at $570,000 after purchasing an additional 103 shares during the last quarter. Objective Capital Management LLC grew its stake in iShares TIPS Bond ETF by 5.8% in the 3rd quarter. Objective Capital Management LLC now owns 2,020 shares of the exchange traded fund’s stock worth $210,000 after acquiring an additional 111 shares in the last quarter. Archer Investment Corp grew its stake in iShares TIPS Bond ETF by 10.1% in the 4th quarter. Archer Investment Corp now owns 1,268 shares of the exchange traded fund’s stock worth $136,000 after acquiring an additional 116 shares in the last quarter. Inscription Capital LLC grew its stake in iShares TIPS Bond ETF by 3.0% in the 4th quarter. Inscription Capital LLC now owns 4,090 shares of the exchange traded fund’s stock worth $440,000 after acquiring an additional 119 shares in the last quarter. Finally, Willow Creek Wealth Management Inc. grew its stake in iShares TIPS Bond ETF by 1.0% in the 3rd quarter. Willow Creek Wealth Management Inc. now owns 14,952 shares of the exchange traded fund’s stock worth $1,551,000 after acquiring an additional 145 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP opened at $107.11 on Friday. The firm’s 50 day moving average price is $106.33 and its 200-day moving average price is $106.67. iShares TIPS Bond ETF has a 52-week low of $101.74 and a 52-week high of $108.54. The company has a market cap of $18.58 billion, a PE ratio of 11.86 and a beta of 0.09.

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).