Private Trust Co. NA Lowers Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Private Trust Co. NA cut its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 9.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,224 shares of the exchange traded fund’s stock after selling 423 shares during the period. Private Trust Co. NA’s holdings in iShares TIPS Bond ETF were worth $467,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sumitomo Life Insurance Co. purchased a new position in iShares TIPS Bond ETF during the third quarter worth about $102,200,000. Envestnet Asset Management Inc. boosted its stake in shares of iShares TIPS Bond ETF by 12.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock worth $388,581,000 after buying an additional 410,284 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of iShares TIPS Bond ETF by 10,652.4% in the third quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock valued at $44,412,000 after acquiring an additional 398,292 shares in the last quarter. Quotient Wealth Partners LLC increased its position in shares of iShares TIPS Bond ETF by 6,782.8% during the second quarter. Quotient Wealth Partners LLC now owns 370,846 shares of the exchange traded fund’s stock valued at $39,599,000 after acquiring an additional 365,458 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in iShares TIPS Bond ETF by 192.4% during the first quarter. Cetera Investment Advisers now owns 422,694 shares of the exchange traded fund’s stock worth $45,402,000 after acquiring an additional 278,153 shares during the period.

iShares TIPS Bond ETF Trading Up 0.3 %

TIP stock opened at $108.45 on Thursday. The stock has a market cap of $18.82 billion, a P/E ratio of 11.86 and a beta of 0.09. The stock’s fifty day simple moving average is $108.90 and its two-hundred day simple moving average is $108.13. iShares TIPS Bond ETF has a 1-year low of $104.36 and a 1-year high of $111.06.

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).