Ballentine Partners LLC Has $513,000 Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Ballentine Partners LLC lowered its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 46.0% during the third quarter, Holdings Channel reports. The fund owned 4,647 shares of the exchange traded fund’s stock after selling 3,955 shares during the period. Ballentine Partners LLC’s holdings in iShares TIPS Bond ETF were worth $513,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Tsfg LLC raised its position in shares of iShares TIPS Bond ETF by 8.3% during the third quarter. Tsfg LLC now owns 1,212 shares of the exchange traded fund’s stock worth $134,000 after acquiring an additional 93 shares during the last quarter. Colony Family Offices LLC raised its holdings in iShares TIPS Bond ETF by 5.4% during the 1st quarter. Colony Family Offices LLC now owns 1,906 shares of the exchange traded fund’s stock worth $205,000 after purchasing an additional 97 shares during the last quarter. KMG Fiduciary Partners LLC raised its holdings in iShares TIPS Bond ETF by 0.6% during the 3rd quarter. KMG Fiduciary Partners LLC now owns 16,016 shares of the exchange traded fund’s stock worth $1,769,000 after purchasing an additional 100 shares during the last quarter. Citizens & Northern Corp lifted its position in iShares TIPS Bond ETF by 3.0% during the 2nd quarter. Citizens & Northern Corp now owns 3,544 shares of the exchange traded fund’s stock valued at $378,000 after purchasing an additional 102 shares during the period. Finally, TNF LLC grew its position in shares of iShares TIPS Bond ETF by 1.1% during the 2nd quarter. TNF LLC now owns 10,102 shares of the exchange traded fund’s stock worth $1,079,000 after buying an additional 105 shares during the period.

iShares TIPS Bond ETF Price Performance

TIP opened at $108.27 on Monday. iShares TIPS Bond ETF has a fifty-two week low of $102.46 and a fifty-two week high of $111.06. The company has a market cap of $18.78 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The firm has a 50 day simple moving average of $109.62 and a 200 day simple moving average of $107.79.

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).