Kovitz Investment Group Partners LLC Trims Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Kovitz Investment Group Partners LLC decreased its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 16.5% during the third quarter, Holdings Channel reports. The institutional investor owned 27,184 shares of the exchange traded fund’s stock after selling 5,387 shares during the period. Kovitz Investment Group Partners LLC’s holdings in iShares TIPS Bond ETF were worth $2,990,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Maia Wealth LLC purchased a new position in shares of iShares TIPS Bond ETF in the second quarter worth $221,000. ORG Partners LLC bought a new position in shares of iShares TIPS Bond ETF during the 2nd quarter valued at about $340,000. Financial Architects LLC grew its position in shares of iShares TIPS Bond ETF by 178.7% during the second quarter. Financial Architects LLC now owns 6,285 shares of the exchange traded fund’s stock valued at $671,000 after purchasing an additional 4,030 shares in the last quarter. Tsfg LLC grew its position in shares of iShares TIPS Bond ETF by 666.4% during the second quarter. Tsfg LLC now owns 1,119 shares of the exchange traded fund’s stock valued at $119,000 after purchasing an additional 973 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of iShares TIPS Bond ETF by 4.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 302,181 shares of the exchange traded fund’s stock worth $32,267,000 after purchasing an additional 12,374 shares during the last quarter.

iShares TIPS Bond ETF Trading Down 0.2 %

Shares of iShares TIPS Bond ETF stock opened at $108.64 on Tuesday. The firm has a market cap of $18.85 billion, a PE ratio of 11.86 and a beta of 0.09. The stock has a 50 day moving average of $108.60 and a 200 day moving average of $108.26. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.06.

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).