Parsons Capital Management Inc. RI Trims Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Parsons Capital Management Inc. RI reduced its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 13.5% in the 1st quarter, Holdings Channel reports. The fund owned 5,275 shares of the exchange traded fund’s stock after selling 826 shares during the period. Parsons Capital Management Inc. RI’s holdings in iShares TIPS Bond ETF were worth $567,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Baldwin Brothers LLC MA raised its position in iShares TIPS Bond ETF by 19.0% during the fourth quarter. Baldwin Brothers LLC MA now owns 320,432 shares of the exchange traded fund’s stock valued at $34,443,000 after acquiring an additional 51,104 shares in the last quarter. Frontier Asset Management LLC grew its holdings in iShares TIPS Bond ETF by 10.6% in the third quarter. Frontier Asset Management LLC now owns 113,770 shares of the exchange traded fund’s stock valued at $11,800,000 after purchasing an additional 10,890 shares during the period. Wealthspire Advisors LLC grew its holdings in iShares TIPS Bond ETF by 10.0% in the third quarter. Wealthspire Advisors LLC now owns 5,027 shares of the exchange traded fund’s stock valued at $521,000 after purchasing an additional 456 shares during the period. Ellis Investment Partners LLC grew its holdings in iShares TIPS Bond ETF by 0.6% in the third quarter. Ellis Investment Partners LLC now owns 30,989 shares of the exchange traded fund’s stock valued at $3,214,000 after purchasing an additional 199 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in iShares TIPS Bond ETF by 86.1% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,354 shares of the exchange traded fund’s stock valued at $468,000 after purchasing an additional 2,014 shares during the period.

iShares TIPS Bond ETF Trading Up 0.3 %

TIP traded up $0.27 during trading on Friday, hitting $105.78. The company’s stock had a trading volume of 1,382,555 shares, compared to its average volume of 2,184,771. iShares TIPS Bond ETF has a twelve month low of $101.74 and a twelve month high of $110.47. The business’s fifty day simple moving average is $106.53 and its 200 day simple moving average is $105.96. The firm has a market capitalization of $18.57 billion, a price-to-earnings ratio of 11.92 and a beta of 0.09.

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).