W.H. Cornerstone Investments Inc. Trims Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

W.H. Cornerstone Investments Inc. lessened its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 11.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,117 shares of the exchange traded fund’s stock after selling 521 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in iShares TIPS Bond ETF were worth $443,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TIP. Roundview Capital LLC raised its position in shares of iShares TIPS Bond ETF by 2.2% in the first quarter. Roundview Capital LLC now owns 17,627 shares of the exchange traded fund’s stock valued at $2,196,000 after buying an additional 379 shares during the last quarter. Synovus Financial Corp raised its position in shares of iShares TIPS Bond ETF by 20.0% in the first quarter. Synovus Financial Corp now owns 10,650 shares of the exchange traded fund’s stock valued at $1,325,000 after buying an additional 1,778 shares during the last quarter. Prudential PLC acquired a new position in shares of iShares TIPS Bond ETF in the first quarter valued at approximately $1,619,000. Mather Group LLC. acquired a new position in shares of iShares TIPS Bond ETF in the first quarter valued at approximately $236,000. Finally, Laurel Wealth Advisors Inc. raised its position in shares of iShares TIPS Bond ETF by 30.6% in the first quarter. Laurel Wealth Advisors Inc. now owns 20,907 shares of the exchange traded fund’s stock valued at $2,604,000 after buying an additional 4,893 shares during the last quarter.

iShares TIPS Bond ETF Price Performance

NYSEARCA:TIP opened at $105.31 on Tuesday. The firm has a 50 day simple moving average of $106.09 and a 200-day simple moving average of $107.77. iShares TIPS Bond ETF has a 1-year low of $104.57 and a 1-year high of $111.26.

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).