Raymond James Financial Services Advisors Inc. Sells 100,743 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Raymond James Financial Services Advisors Inc. lessened its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 24.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 304,461 shares of the exchange traded fund’s stock after selling 100,743 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.15% of iShares TIPS Bond ETF worth $32,727,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Coppell Advisory Solutions Corp. purchased a new position in iShares TIPS Bond ETF during the 4th quarter worth $26,000. Fortis Group Advisors LLC purchased a new position in iShares TIPS Bond ETF during the 3rd quarter worth $27,000. Fortis Capital Advisors LLC purchased a new position in iShares TIPS Bond ETF during the 4th quarter worth $28,000. Covestor Ltd purchased a new position in iShares TIPS Bond ETF during the 3rd quarter worth $33,000. Finally, Sound Income Strategies LLC boosted its holdings in iShares TIPS Bond ETF by 108.7% during the 4th quarter. Sound Income Strategies LLC now owns 361 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 188 shares during the last quarter.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA:TIP opened at $107.37 on Thursday. The company’s 50-day moving average is $106.75 and its 200 day moving average is $105.59. iShares TIPS Bond ETF has a fifty-two week low of $101.74 and a fifty-two week high of $111.26.

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).