iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Sold by Ballast Advisors LLC

Ballast Advisors LLC cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 22.0% in the third quarter, HoldingsChannel reports. The fund owned 1,063 shares of the exchange traded fund’s stock after selling 300 shares during the period. Ballast Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $117,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Norden Group LLC acquired a new position in shares of iShares TIPS Bond ETF during the 1st quarter worth approximately $258,000. Envestnet Portfolio Solutions Inc. increased its position in shares of iShares TIPS Bond ETF by 5.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 289,807 shares of the exchange traded fund’s stock worth $31,128,000 after purchasing an additional 13,681 shares in the last quarter. Stokes Family Office LLC increased its position in shares of iShares TIPS Bond ETF by 4.1% during the first quarter. Stokes Family Office LLC now owns 31,171 shares of the exchange traded fund’s stock worth $3,348,000 after purchasing an additional 1,226 shares in the last quarter. SG Americas Securities LLC increased its position in shares of iShares TIPS Bond ETF by 14,118.3% during the first quarter. SG Americas Securities LLC now owns 358,727 shares of the exchange traded fund’s stock worth $38,531,000 after purchasing an additional 356,204 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in shares of iShares TIPS Bond ETF by 32.7% during the first quarter. Oppenheimer & Co. Inc. now owns 24,626 shares of the exchange traded fund’s stock worth $2,645,000 after purchasing an additional 6,073 shares in the last quarter.

iShares TIPS Bond ETF Stock Down 0.6 %

Shares of TIP traded down $0.61 during midday trading on Wednesday, reaching $107.43. The company had a trading volume of 135,200 shares, compared to its average volume of 1,928,746. iShares TIPS Bond ETF has a 1-year low of $103.19 and a 1-year high of $111.06. The stock has a market cap of $18.64 billion, a PE ratio of 11.86 and a beta of 0.09. The firm has a 50 day simple moving average of $109.48 and a 200-day simple moving average of $107.90.

iShares TIPS Bond ETF Company 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).