Parallel Advisors LLC Has $5.80 Million Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Parallel Advisors LLC cut its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,395 shares of the exchange traded fund’s stock after selling 3,088 shares during the quarter. Parallel Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $5,796,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter worth approximately $26,000. Mainstream Capital Management LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter worth approximately $30,000. Kestra Investment Management LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter worth approximately $45,000. GPS Wealth Strategies Group LLC raised its position 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 worth $52,000 after purchasing an additional 100 shares during the last quarter. Finally, Washington Trust Advisors Inc. bought a new stake in shares of iShares TIPS Bond ETF during the 4th quarter valued at $57,000.

iShares TIPS Bond ETF Stock Performance

Shares of iShares TIPS Bond ETF stock opened at $109.45 on Tuesday. iShares TIPS Bond ETF has a 52 week low of $104.67 and a 52 week high of $111.06. The stock has a market capitalization of $14.25 billion, a price-to-earnings ratio of 12.32 and a beta of 0.28. The firm has a fifty day moving average of $108.37 and a two-hundred day moving average of $108.52.

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).