Fifth Third Securities Inc. Has $1.72 Million Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Fifth Third Securities Inc. decreased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 47.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,972 shares of the exchange traded fund’s stock after selling 14,394 shares during the period. Fifth Third Securities Inc.’s holdings in iShares TIPS Bond ETF were worth $1,716,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Fortis Group Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter worth about $27,000. Trifecta Capital Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF during the fourth quarter worth $27,000. Life Planning Partners Inc acquired a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at $30,000. Pacific Capital Wealth Advisors Inc. bought a new position in iShares TIPS Bond ETF in the fourth quarter valued at about $33,000. Finally, Salem Investment Counselors Inc. acquired a new stake in iShares TIPS Bond ETF in the first quarter worth about $36,000.

iShares TIPS Bond ETF Trading Down 0.4 %

Shares of NYSEARCA:TIP opened at $105.92 on Tuesday. The stock has a market capitalization of $18.38 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1-year low of $101.74 and a 1-year high of $108.54. The business has a 50-day moving average price of $106.38 and a two-hundred day moving average price of $106.69.

About iShares TIPS Bond ETF

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).