Larson Financial Group LLC Sells 2,412 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Larson Financial Group LLC trimmed its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 8.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,880 shares of the exchange traded fund’s stock after selling 2,412 shares during the period. Larson Financial Group LLC’s holdings in iShares TIPS Bond ETF were worth $2,748,000 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 the stock. Envestnet Asset Management Inc. boosted its holdings in iShares TIPS Bond ETF by 12.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock valued at $388,581,000 after acquiring an additional 410,284 shares during the period. Sumitomo Life Insurance Co. acquired a new position in shares of iShares TIPS Bond ETF during the 3rd quarter worth about $102,200,000. Marshall Wace LLP boosted its stake in iShares TIPS Bond ETF by 3.1% during the 2nd quarter. Marshall Wace LLP now owns 561,570 shares of the exchange traded fund’s stock valued at $59,964,000 after purchasing an additional 16,839 shares during the period. Bank of New York Mellon Corp grew its holdings in iShares TIPS Bond ETF by 30.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 464,032 shares of the exchange traded fund’s stock valued at $49,549,000 after buying an additional 107,653 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in iShares TIPS Bond ETF by 5.0% in the 2nd quarter. Cetera Investment Advisers now owns 443,962 shares of the exchange traded fund’s stock valued at $47,406,000 after buying an additional 21,268 shares during the last quarter.

iShares TIPS Bond ETF Stock Up 0.1 %

Shares of TIP stock opened at $107.77 on Friday. The stock has a 50 day moving average of $109.04 and a 200-day moving average of $108.08. The firm has a market cap of $18.70 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12 month low of $104.19 and a 12 month high of $111.06.

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).