Truist Financial Corp Reduces Holdings in iShares TIPS Bond ETF $TIP

Truist Financial Corp decreased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,526 shares of the exchange traded fund’s stock after selling 4,194 shares during the period. Truist Financial Corp’s holdings in iShares TIPS Bond ETF were worth $13,813,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. First United Bank & Trust boosted its position in shares of iShares TIPS Bond ETF by 44.5% during the 2nd quarter. First United Bank & Trust now owns 6,450 shares of the exchange traded fund’s stock worth $710,000 after purchasing an additional 1,986 shares during the period. White Pine Investment CO boosted its position in shares of iShares TIPS Bond ETF by 4.4% during the 2nd quarter. White Pine Investment CO now owns 85,650 shares of the exchange traded fund’s stock worth $9,425,000 after purchasing an additional 3,585 shares during the period. Northwest Wealth Management LLC boosted its position in shares of iShares TIPS Bond ETF by 1.1% during the 2nd quarter. Northwest Wealth Management LLC now owns 9,353 shares of the exchange traded fund’s stock worth $1,029,000 after purchasing an additional 101 shares during the period. Sound Income Strategies LLC boosted its position in shares of iShares TIPS Bond ETF by 68.5% during the 2nd quarter. Sound Income Strategies LLC now owns 450 shares of the exchange traded fund’s stock worth $50,000 after purchasing an additional 183 shares during the period. Finally, Stone Summit Wealth LLC boosted its position in shares of iShares TIPS Bond ETF by 7.0% during the 2nd quarter. Stone Summit Wealth LLC now owns 23,617 shares of the exchange traded fund’s stock worth $2,599,000 after purchasing an additional 1,543 shares during the period. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $111.05 on Friday. The stock has a market capitalization of $13.94 billion, a P/E ratio of 12.40 and a beta of 0.19. The company has a 50 day moving average price of $110.86 and a 200 day moving average price of $109.82. iShares TIPS Bond ETF has a fifty-two week low of $106.04 and a fifty-two week high of $112.26.

iShares TIPS Bond ETF Company 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).