Gray Wealth Management Inc. Sells 1,720 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Gray Wealth Management Inc. decreased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,762 shares of the exchange traded fund’s stock after selling 1,720 shares during the period. iShares TIPS Bond ETF makes up approximately 2.6% of Gray Wealth Management Inc.’s holdings, making the stock its 10th largest position. Gray Wealth Management Inc.’s holdings in iShares TIPS Bond ETF were worth $5,349,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Coppell Advisory Solutions Corp. acquired a new stake in iShares TIPS Bond ETF during the 4th quarter worth approximately $26,000. Fortis Group Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF during the third quarter worth $27,000. Trifecta Capital Advisors LLC purchased a new position in iShares TIPS Bond ETF in the 4th quarter valued at $27,000. Fortis Capital Advisors LLC acquired a new position in iShares TIPS Bond ETF in the 4th quarter valued at $28,000. Finally, Life Planning Partners Inc acquired a new position in iShares TIPS Bond ETF in the 4th quarter valued at $30,000.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock traded down $0.14 during mid-day trading on Thursday, hitting $105.62. The stock had a trading volume of 1,491,929 shares, compared to its average volume of 2,212,090. The firm has a market cap of $18.55 billion, a PE ratio of 11.92 and a beta of 0.09. The company’s 50-day simple moving average is $106.60 and its 200-day simple moving average is $105.79. iShares TIPS Bond ETF has a fifty-two week low of $101.74 and a fifty-two week high of $110.88.

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).