Chapin Davis Inc. Sells 359 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Chapin Davis Inc. trimmed its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 8,315 shares of the exchange traded fund’s stock after selling 359 shares during the quarter. Chapin Davis Inc.’s holdings in iShares TIPS Bond ETF were worth $893,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trexquant Investment LP purchased a new stake in iShares TIPS Bond ETF in the 3rd quarter valued at $310,000. Tower Research Capital LLC TRC increased its position in shares of iShares TIPS Bond ETF by 10,255.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,003 shares of the exchange traded fund’s stock valued at $311,000 after purchasing an additional 2,974 shares during the last quarter. United Services Automobile Association increased its position in shares of iShares TIPS Bond ETF by 33.0% during the 3rd quarter. United Services Automobile Association now owns 18,788 shares of the exchange traded fund’s stock valued at $1,949,000 after purchasing an additional 4,664 shares during the last quarter. Stone House Investment Management LLC increased its holdings in iShares TIPS Bond ETF by 2,679.0% in the 3rd quarter. Stone House Investment Management LLC now owns 18,703 shares of the exchange traded fund’s stock worth $1,940,000 after acquiring an additional 18,030 shares during the last quarter. Finally, Axxcess Wealth Management LLC increased its holdings in iShares TIPS Bond ETF by 246.8% in the 3rd quarter. Axxcess Wealth Management LLC now owns 24,779 shares of the exchange traded fund’s stock worth $2,570,000 after acquiring an additional 17,633 shares during the last quarter.

iShares TIPS Bond ETF Stock Down 0.7 %

TIP traded down $0.75 during trading hours on Monday, hitting $106.03. The stock had a trading volume of 117,184 shares, compared to its average volume of 2,055,527. The company’s fifty day simple moving average is $106.38 and its 200 day simple moving average is $106.69. iShares TIPS Bond ETF has a 1 year low of $101.74 and a 1 year high of $108.54. The stock has a market cap of $18.40 billion, a PE ratio of 11.86 and a beta of 0.09.

iShares TIPS Bond ETF Company 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).