Ellenbecker Investment Group Reduces Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Ellenbecker Investment Group reduced its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 31.6% in the 4th quarter, Holdings Channel reports. The firm owned 6,623 shares of the exchange traded fund’s stock after selling 3,059 shares during the quarter. Ellenbecker Investment Group’s holdings in iShares TIPS Bond ETF were worth $706,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC lifted its stake in shares of iShares TIPS Bond ETF by 4.8% in the fourth quarter. Miracle Mile Advisors LLC now owns 47,292 shares of the exchange traded fund’s stock worth $5,039,000 after buying an additional 2,153 shares in the last quarter. Kwmg LLC lifted its stake in iShares TIPS Bond ETF by 0.4% in the 4th quarter. Kwmg LLC now owns 270,834 shares of the exchange traded fund’s stock worth $28,857,000 after purchasing an additional 1,124 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in iShares TIPS Bond ETF in the 4th quarter worth approximately $96,000. FC Advisory LLC boosted its holdings in shares of iShares TIPS Bond ETF by 2.0% during the 4th quarter. FC Advisory LLC now owns 5,511 shares of the exchange traded fund’s stock worth $587,000 after purchasing an additional 110 shares during the last quarter. Finally, Horizons Wealth Management grew its position in shares of iShares TIPS Bond ETF by 3.5% in the fourth quarter. Horizons Wealth Management now owns 53,673 shares of the exchange traded fund’s stock valued at $5,719,000 after purchasing an additional 1,801 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of iShares TIPS Bond ETF stock opened at $106.22 on Tuesday. The business’s 50 day moving average price is $107.52 and its 200 day moving average price is $108.29. The company has a market cap of $18.43 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a one year low of $104.67 and a one year 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).