iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Sold by SouthState Corp

SouthState Corp decreased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,266 shares of the exchange traded fund’s stock after selling 1,043 shares during the period. SouthState Corp’s holdings in iShares TIPS Bond ETF were worth $2,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TIP. Fortis Group Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at about $27,000. Trifecta Capital Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $27,000. Life Planning Partners Inc purchased a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $30,000. Covestor Ltd purchased a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at about $33,000. Finally, Sound Income Strategies LLC boosted its holdings in iShares TIPS Bond ETF by 108.7% in the 4th 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 during the last quarter.

iShares TIPS Bond ETF Stock Up 0.4 %

Shares of iShares TIPS Bond ETF stock traded up $0.38 on Thursday, hitting $105.39. 2,091,137 shares of the company were exchanged, compared to its average volume of 2,197,858. The stock has a market capitalization of $18.29 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The company has a 50-day moving average price of $106.49 and a 200 day moving average price of $105.98. iShares TIPS Bond ETF has a 1-year low of $101.74 and a 1-year high of $110.47.

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).