PFG Investments LLC Decreases Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

PFG Investments LLC lessened its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,315 shares of the exchange traded fund’s stock after selling 732 shares during the period. PFG Investments LLC’s holdings in iShares TIPS Bond ETF were worth $1,802,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TIP. William B. Walkup & Associates Inc. purchased a new position in iShares TIPS Bond ETF in the 2nd quarter valued at approximately $26,000. Private Ocean LLC raised its stake in shares of iShares TIPS Bond ETF by 66.7% during the 2nd quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 116 shares during the period. Gradient Investments LLC lifted its holdings in iShares TIPS Bond ETF by 352.7% during the 2nd quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 261 shares in the last quarter. Eastern Bank bought a new position in iShares TIPS Bond ETF in the 3rd quarter worth about $37,000. Finally, Hobbs Group Advisors LLC purchased a new position in iShares TIPS Bond ETF during the 2nd quarter valued at about $40,000.

iShares TIPS Bond ETF Trading Down 0.3 %

Shares of iShares TIPS Bond ETF stock opened at $108.27 on Friday. The company’s 50-day moving average price is $109.62 and its 200-day moving average price is $107.77. iShares TIPS Bond ETF has a 12-month low of $102.46 and a 12-month high of $111.06. The company has a market cap of $18.78 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

iShares TIPS Bond ETF 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).