Fortitude Family Office LLC Sells 10,927 Shares of iShares TIPS Bond ETF $TIP

Fortitude Family Office LLC cut its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 51.9% during the third quarter, HoldingsChannel.com reports. The firm owned 10,130 shares of the exchange traded fund’s stock after selling 10,927 shares during the period. Fortitude Family Office LLC’s holdings in iShares TIPS Bond ETF were worth $1,054,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of iShares TIPS Bond ETF by 18.1% in the 1st quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock valued at $2,685,035,000 after purchasing an additional 3,729,751 shares in the last quarter. Capitolis Liquid Global Markets LLC lifted its stake in shares of iShares TIPS Bond ETF by 846.0% in the fourth quarter. Capitolis Liquid Global Markets LLC now owns 473,000 shares of the exchange traded fund’s stock valued at $51,987,000 after purchasing an additional 423,000 shares during the period. Kwmg LLC acquired a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at about $34,858,000. CI Investments Inc. boosted its holdings in iShares TIPS Bond ETF by 28.7% during the first quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock worth $128,772,000 after buying an additional 260,055 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in iShares TIPS Bond ETF by 16.8% during the first quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock worth $164,565,000 after buying an additional 214,700 shares in the last quarter. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Trading Up 0.2%

TIP stock opened at $104.82 on Thursday. The company’s 50-day moving average price is $105.95 and its 200 day moving average price is $108.41. iShares TIPS Bond ETF has a 52 week low of $103.75 and a 52 week high of $112.24. The company has a market cap of $14.32 billion, a P/E ratio of 12.40 and a beta of 0.27.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.