Sage Financial Group Inc. Sells 5,071 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Sage Financial Group Inc. cut its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 14.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,331 shares of the exchange traded fund’s stock after selling 5,071 shares during the quarter. Sage Financial Group Inc.’s holdings in iShares TIPS Bond ETF were worth $3,351,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TIP. Chicago Partners Investment Group LLC increased its stake in shares of iShares TIPS Bond ETF by 1.8% during the third quarter. Chicago Partners Investment Group LLC now owns 6,759 shares of the exchange traded fund’s stock valued at $733,000 after purchasing an additional 117 shares in the last quarter. Silver Coast Investments LLC increased its position in iShares TIPS Bond ETF by 5.5% during the 3rd quarter. Silver Coast Investments LLC now owns 90,275 shares of the exchange traded fund’s stock valued at $9,973,000 after buying an additional 4,693 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in iShares TIPS Bond ETF by 9.1% during the third quarter. Creative Financial Designs Inc. ADV now owns 3,433 shares of the exchange traded fund’s stock valued at $379,000 after buying an additional 286 shares during the last quarter. Principal Securities Inc. boosted its holdings in iShares TIPS Bond ETF by 4.5% in the third quarter. Principal Securities Inc. now owns 347,263 shares of the exchange traded fund’s stock worth $38,362,000 after acquiring an additional 14,876 shares in the last quarter. Finally, Goldstone Financial Group LLC purchased a new stake in shares of iShares TIPS Bond ETF in the third quarter worth $235,000.

iShares TIPS Bond ETF Price Performance

TIP opened at $107.76 on Friday. The firm has a market cap of $18.70 billion, a PE ratio of 11.86 and a beta of 0.09. The stock has a 50-day moving average price of $109.54 and a 200-day moving average price of $107.84. iShares TIPS Bond ETF has a 1 year low of $103.19 and a 1 year high of $111.06.

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).