First National Bank & Trust Co. of Newtown lessened its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,707 shares of the exchange traded fund’s stock after selling 2,370 shares during the period. iShares TIPS Bond ETF comprises approximately 3.2% of First National Bank & Trust Co. of Newtown’s investment portfolio, making the stock its 5th biggest holding. First National Bank & Trust Co. of Newtown owned approximately 0.05% of iShares TIPS Bond ETF worth $10,700,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of TIP. Central Bank & Trust Co. purchased a new stake in shares of iShares TIPS Bond ETF during the third quarter valued at $33,000. Destination Wealth Management boosted its holdings in iShares TIPS Bond ETF by 147.4% in the third quarter. Destination Wealth Management now owns 918 shares of the exchange traded fund’s stock valued at $102,000 after purchasing an additional 547 shares during the last quarter. Amussen Hunsaker Associates LLC purchased a new stake in iShares TIPS Bond ETF in the third quarter valued at $105,000. Bell Rock Capital LLC purchased a new stake in iShares TIPS Bond ETF in the third quarter valued at $116,000. Finally, Truvestments Capital LLC purchased a new stake in iShares TIPS Bond ETF in the third quarter valued at $127,000.
NYSEARCA:TIP traded up $0.05 during mid-day trading on Friday, hitting $110.76. The company’s stock had a trading volume of 832,701 shares, compared to its average volume of 1,316,145. iShares TIPS Bond ETF has a 1 year low of $107.53 and a 1 year high of $113.22.
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).
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