Truist Financial Corp Sells 17,036 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Truist Financial Corp trimmed its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 12.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 124,078 shares of the exchange traded fund’s stock after selling 17,036 shares during the quarter. Truist Financial Corp’s holdings in iShares TIPS Bond ETF were worth $13,221,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Eastern Bank bought a new stake in iShares TIPS Bond ETF during the 3rd quarter worth approximately $37,000. Strategic Investment Solutions Inc. IL boosted its position in iShares TIPS Bond ETF by 102.0% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock worth $45,000 after acquiring an additional 204 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its position in 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 worth $52,000 after acquiring an additional 100 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in iShares TIPS Bond ETF during the 4th quarter worth approximately $96,000. Finally, Centaurus Financial Inc. acquired a new position in iShares TIPS Bond ETF during the 3rd quarter worth approximately $169,000.

iShares TIPS Bond ETF Stock Up 0.2 %

NYSEARCA:TIP opened at $108.70 on Friday. iShares TIPS Bond ETF has a twelve month low of $104.67 and a twelve month high of $111.06. The business has a 50 day moving average price of $107.36 and a two-hundred day moving average price of $108.41. The company has a market cap of $18.86 billion, a P/E ratio of 11.86 and a beta of 0.09.

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).