iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Sold by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. decreased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 18.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,655 shares of the exchange traded fund’s stock after selling 595 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in iShares TIPS Bond ETF were worth $283,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its holdings in shares of iShares TIPS Bond ETF by 5.2% in the 2nd quarter. Bank of Montreal Can now owns 77,832 shares of the exchange traded fund’s stock valued at $8,346,000 after buying an additional 3,838 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of iShares TIPS Bond ETF by 1,236.9% during the second quarter. The Manufacturers Life Insurance Company now owns 29,666 shares of the exchange traded fund’s stock worth $3,168,000 after purchasing an additional 27,447 shares during the last quarter. Ascent Group LLC acquired a new stake in shares of iShares TIPS Bond ETF during the second quarter worth about $927,000. NewEdge Advisors LLC lifted its holdings in shares of iShares TIPS Bond ETF by 41.4% in the 2nd quarter. NewEdge Advisors LLC now owns 57,987 shares of the exchange traded fund’s stock valued at $6,192,000 after purchasing an additional 16,970 shares during the last quarter. Finally, William B. Walkup & Associates Inc. acquired a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter valued at about $26,000.

iShares TIPS Bond ETF Stock Up 0.4 %

TIP opened at $107.88 on Tuesday. The firm has a market cap of $18.72 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 52 week low of $104.67 and a 52 week high of $111.06. The business’s 50 day moving average is $107.38 and its two-hundred day moving average is $108.32.

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).