Tiemann Investment Advisors LLC Has $656,000 Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Tiemann Investment Advisors LLC reduced its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,157 shares of the exchange traded fund’s stock after selling 100 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $656,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TIP. Kohmann Bosshard Financial Services LLC bought a new position in iShares TIPS Bond ETF in the fourth quarter valued at approximately $26,000. Mainstream Capital Management LLC acquired a new stake in shares of iShares TIPS Bond ETF in the 4th quarter valued at $30,000. Kestra Investment Management LLC bought a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at $45,000. GPS Wealth Strategies Group LLC raised its holdings in shares of iShares TIPS Bond ETF by 26.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 100 shares in the last quarter. Finally, Washington Trust Advisors Inc. bought a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth $57,000.

iShares TIPS Bond ETF Stock Down 0.2 %

NYSEARCA:TIP opened at $109.46 on Monday. iShares TIPS Bond ETF has a twelve month low of $104.67 and a twelve month high of $111.06. The stock’s 50-day simple moving average is $108.01 and its 200 day simple moving average is $108.51. The firm has a market capitalization of $14.01 billion, a PE ratio of 12.25 and a beta of 0.26.

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).