Kestra Private Wealth Services LLC Has $1.20 Million Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Kestra Private Wealth Services LLC lessened its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 40.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,117 shares of the exchange traded fund’s stock after selling 7,679 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in iShares TIPS Bond ETF were worth $1,195,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in TIP. Fortis Group Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF in the third quarter valued at $27,000. Trifecta Capital Advisors LLC bought a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $27,000. Life Planning Partners Inc acquired a new position in iShares TIPS Bond ETF in the fourth quarter valued at about $30,000. Covestor Ltd bought a new stake in iShares TIPS Bond ETF during the third quarter worth about $33,000. Finally, Sound Income Strategies LLC increased its holdings in shares of iShares TIPS Bond ETF by 108.7% during the fourth quarter. Sound Income Strategies LLC now owns 361 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 188 shares in the last quarter.

iShares TIPS Bond ETF Price Performance

NYSEARCA TIP opened at $105.93 on Friday. The stock’s 50 day simple moving average is $106.48 and its 200 day simple moving average is $105.98. iShares TIPS Bond ETF has a one year low of $101.74 and a one year high of $110.47. The firm has a market cap of $18.38 billion, a PE ratio of 11.86 and a beta of 0.09.

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).