Fisher Asset Management LLC Cuts Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Fisher Asset Management LLC trimmed its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 17.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,145 shares of the exchange traded fund’s stock after selling 1,117 shares during the period. Fisher Asset Management LLC’s holdings in iShares TIPS Bond ETF were worth $548,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Kestra Investment Management LLC purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $45,000. GPS Wealth Strategies Group LLC increased its stake in iShares TIPS Bond ETF by 26.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 100 shares in the last quarter. Centricity Wealth Management LLC purchased a new position in iShares TIPS Bond ETF in the 4th quarter valued at approximately $82,000. Eagle Bay Advisors LLC purchased a new position in iShares TIPS Bond ETF in the 4th quarter valued at approximately $96,000. Finally, Bank of Jackson Hole Trust purchased a new position in iShares TIPS Bond ETF in the 4th quarter valued at approximately $115,000.

iShares TIPS Bond ETF Price Performance

NYSEARCA TIP opened at $109.64 on Friday. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.06. The company has a market capitalization of $14.03 billion, a P/E ratio of 12.25 and a beta of 0.26. The business has a 50 day moving average price of $107.95 and a 200 day moving average price of $108.51.

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).