Graypoint LLC Sells 151 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Graypoint LLC reduced its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.6% during the third quarter, Holdings Channel reports. The institutional investor owned 9,203 shares of the exchange traded fund’s stock after selling 151 shares during the quarter. Graypoint LLC’s holdings in iShares TIPS Bond ETF were worth $1,017,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Concurrent Investment Advisors LLC grew its stake in shares of iShares TIPS Bond ETF by 41.9% in the third quarter. Concurrent Investment Advisors LLC now owns 5,232 shares of the exchange traded fund’s stock worth $578,000 after purchasing an additional 1,545 shares during the last quarter. RTD Financial Advisors Inc. grew its stake in shares of iShares TIPS Bond ETF by 5.6% in the third quarter. RTD Financial Advisors Inc. now owns 123,706 shares of the exchange traded fund’s stock worth $13,666,000 after purchasing an additional 6,541 shares during the last quarter. Invictus Private Wealth LLC grew its stake in shares of iShares TIPS Bond ETF by 5.5% in the third quarter. Invictus Private Wealth LLC now owns 11,548 shares of the exchange traded fund’s stock worth $1,276,000 after purchasing an additional 603 shares during the last quarter. Greenwood Capital Associates LLC grew its stake in shares of iShares TIPS Bond ETF by 2.2% in the third quarter. Greenwood Capital Associates LLC now owns 25,811 shares of the exchange traded fund’s stock worth $2,851,000 after purchasing an additional 563 shares during the last quarter. Finally, Madden Advisory Services Inc. grew its stake in shares of iShares TIPS Bond ETF by 16.7% in the third quarter. Madden Advisory Services Inc. now owns 11,030 shares of the exchange traded fund’s stock worth $1,219,000 after purchasing an additional 1,579 shares during the last quarter.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $108.27 on Friday. iShares TIPS Bond ETF has a one year low of $103.19 and a one year high of $111.06. The company has a 50-day simple moving average of $109.45 and a two-hundred day simple moving average of $107.90. The firm has a market capitalization of $18.78 billion, a PE ratio of 11.86 and a beta of 0.09.

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).