iShares TIPS Bond ETF (NYSEARCA:TIP) Stock Position Lowered by Harbour Investments Inc.

Harbour Investments Inc. trimmed its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,524 shares of the exchange traded fund’s stock after selling 287 shares during the period. Harbour Investments Inc.’s holdings in iShares TIPS Bond ETF were worth $1,871,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TIP. YHB Investment Advisors Inc. acquired a new stake in shares of iShares TIPS Bond ETF in the first quarter worth $30,000. First Pacific Financial boosted its position in iShares TIPS Bond ETF by 197.0% during the 1st quarter. First Pacific Financial now owns 294 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 195 shares during the period. Pacific Capital Wealth Advisors Inc. purchased a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $33,000. Salem Investment Counselors Inc. acquired a new position in shares of iShares TIPS Bond ETF in the 1st quarter valued at about $36,000. Finally, Gradient Investments LLC lifted its position in shares of iShares TIPS Bond ETF by 352.7% in the second 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.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock remained flat at $109.38 during trading on Tuesday. 1,599,384 shares of the company traded hands, compared to its average volume of 1,932,838. The business’s fifty day moving average is $107.67 and its 200-day moving average is $106.86. iShares TIPS Bond ETF has a twelve month low of $101.74 and a twelve month high of $109.61. The company has a market capitalization of $18.98 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).