Anchor Investment Management LLC Cuts Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Anchor Investment Management LLC decreased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 29.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 484 shares of the exchange traded fund’s stock after selling 200 shares during the quarter. Anchor Investment Management LLC’s holdings in iShares TIPS Bond ETF were worth $52,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TIP. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of iShares TIPS Bond ETF in the 1st quarter worth approximately $201,931,000. Envestnet Asset Management Inc. increased its position in iShares TIPS Bond ETF by 12.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock valued at $388,581,000 after acquiring an additional 410,284 shares during the last quarter. Quotient Wealth Partners LLC increased its position in iShares TIPS Bond ETF by 6,782.8% during the second quarter. Quotient Wealth Partners LLC now owns 370,846 shares of the exchange traded fund’s stock valued at $39,599,000 after acquiring an additional 365,458 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of iShares TIPS Bond ETF by 14,118.3% in the first quarter. SG Americas Securities LLC now owns 358,727 shares of the exchange traded fund’s stock valued at $38,531,000 after acquiring an additional 356,204 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of iShares TIPS Bond ETF by 192.4% in the 1st quarter. Cetera Investment Advisers now owns 422,694 shares of the exchange traded fund’s stock worth $45,402,000 after acquiring an additional 278,153 shares during the last quarter.

iShares TIPS Bond ETF Trading Down 0.7 %

Shares of NYSEARCA:TIP opened at $109.39 on Friday. iShares TIPS Bond ETF has a 12 month low of $101.74 and a 12 month high of $111.06. The company has a market capitalization of $18.98 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The firm’s 50-day moving average is $109.37 and its 200 day moving average is $107.54.

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).