Webster Bank N. A. Reduces Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Webster Bank N. A. lessened its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,469 shares of the exchange traded fund’s stock after selling 157 shares during the quarter. Webster Bank N. A.’s holdings in iShares TIPS Bond ETF were worth $978,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Glassman Wealth Services purchased a new position in shares of iShares TIPS Bond ETF in the first quarter worth approximately $25,000. Ellevest Inc. purchased a new position in shares of iShares TIPS Bond ETF in the first quarter worth approximately $25,000. Gemmer Asset Management LLC boosted its holdings in shares of iShares TIPS Bond ETF by 11,750.0% in the first quarter. Gemmer Asset Management LLC now owns 237 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 235 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of iShares TIPS Bond ETF in the first quarter worth approximately $30,000. Finally, First Command Financial Services Inc. boosted its holdings in shares of iShares TIPS Bond ETF by 1,326.3% in the first quarter. First Command Financial Services Inc. now owns 271 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 252 shares during the last quarter.

NYSEARCA:TIP traded up $0.08 during trading hours on Friday, hitting $115.47. 2,097,636 shares of the stock traded hands, compared to its average volume of 1,265,425. iShares TIPS Bond ETF has a 1 year low of $107.53 and a 1 year high of $115.97. The firm has a 50 day moving average of $115.01.

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).

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Institutional Ownership by Quarter for iShares TIPS Bond ETF (NYSEARCA:TIP)

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