Private Harbour Investment Management & Counsel LLC Reduces Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Private Harbour Investment Management & Counsel LLC reduced its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 10.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,305 shares of the exchange traded fund’s stock after selling 750 shares during the quarter. Private Harbour Investment Management & Counsel LLC’s holdings in iShares TIPS Bond ETF were worth $672,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in iShares TIPS Bond ETF by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock valued at $318,257,000 after buying an additional 51,713 shares during the period. Sterling Financial Planning Inc. boosted its holdings in iShares TIPS Bond ETF by 70.6% in the fourth quarter. Sterling Financial Planning Inc. now owns 25,000 shares of the exchange traded fund’s stock valued at $2,664,000 after purchasing an additional 10,345 shares during the last quarter. Merit Financial Group LLC grew its stake in shares of iShares TIPS Bond ETF by 167.4% during the 4th quarter. Merit Financial Group LLC now owns 5,084 shares of the exchange traded fund’s stock worth $542,000 after purchasing an additional 3,183 shares during the period. M&T Bank Corp increased its stake in shares of iShares TIPS Bond ETF by 7.1% in the 4th quarter. M&T Bank Corp now owns 44,934 shares of the exchange traded fund’s stock valued at $4,788,000 after purchasing an additional 2,993 shares in the last quarter. Finally, Citigroup Inc. raised its position in iShares TIPS Bond ETF by 17.9% during the third quarter. Citigroup Inc. now owns 143,191 shares of the exchange traded fund’s stock worth $15,818,000 after acquiring an additional 21,755 shares during the period.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA:TIP opened at $110.00 on Wednesday. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.06. The firm has a market capitalization of $14.32 billion, a PE ratio of 12.32 and a beta of 0.28. The business’s 50 day moving average price is $108.81 and its 200-day moving average price is $108.56.

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).