iShares TIPS Bond ETF (NYSEARCA:TIP) Stock Position Decreased by SouthState Corp

SouthState Corp cut its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 10.1% in the fourth quarter, Holdings Channel reports. The firm owned 15,715 shares of the exchange traded fund’s stock after selling 1,772 shares during the period. SouthState Corp’s holdings in iShares TIPS Bond ETF were worth $1,674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth about $26,000. Mainstream Capital Management LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $30,000. Kestra Investment Management LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $45,000. GPS Wealth Strategies Group LLC increased 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 valued at $52,000 after acquiring an additional 100 shares during the last quarter. Finally, Washington Trust Advisors Inc. acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $57,000.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $109.42 on Monday. The firm has a market cap of $14.25 billion, a price-to-earnings ratio of 12.32 and a beta of 0.28. The business’s 50-day simple moving average is $108.31 and its 200-day simple moving average is $108.52. iShares TIPS Bond ETF has a 52 week low of $104.67 and a 52 week 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).