Alesco Advisors LLC lowered its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 18.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 15,069 shares of the exchange traded fund’s stock after selling 3,402 shares during the period. Alesco Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $1,665,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of TIP. William B. Walkup & Associates Inc. purchased a new stake in iShares TIPS Bond ETF during the second quarter worth $26,000. Private Ocean LLC boosted its stake in shares of iShares TIPS Bond ETF by 66.7% during the 2nd quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 116 shares in the last quarter. Eastern Bank acquired a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter valued at about $37,000. Gradient Investments LLC increased its stake in shares of iShares TIPS Bond ETF by 352.7% in the 2nd quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 261 shares in the last quarter. Finally, Hobbs Group Advisors LLC acquired a new position in iShares TIPS Bond ETF in the 2nd quarter worth about $40,000.
iShares TIPS Bond ETF Trading Up 0.1 %
Shares of TIP stock opened at $107.77 on Friday. iShares TIPS Bond ETF has a 12-month low of $104.19 and a 12-month high of $111.06. The business’s 50 day moving average is $109.04 and its two-hundred day moving average is $108.07. The company has a market capitalization of $18.70 billion, a P/E ratio of 11.86 and a beta of 0.09.
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).
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