iShares TIPS Bond ETF $TIP Stock Sold by Fortitude Family Office LLC

Fortitude Family Office LLC lowered its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 51.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,130 shares of the exchange traded fund’s stock after selling 10,927 shares during the quarter. Fortitude Family Office LLC’s holdings in iShares TIPS Bond ETF were worth $1,054,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. TD Capital Management LLC purchased a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $25,000. CX Institutional purchased a new position in iShares TIPS Bond ETF during the third quarter worth about $29,000. Eastern Bank purchased a new position in iShares TIPS Bond ETF during the third quarter worth about $35,000. Timbuktu Capital Management LLC purchased a new position in iShares TIPS Bond ETF during the second quarter worth about $52,000. Finally, Realta Investment Advisors lifted its position in iShares TIPS Bond ETF by 159.2% in the first quarter. Realta Investment Advisors now owns 521 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 320 shares during the period. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Up 0.2%

Shares of NYSEARCA:TIP opened at $104.82 on Thursday. 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 has a 52 week low of $103.75 and a 52 week high of $112.24. The company has a 50-day moving average price of $105.95 and a 200 day moving average price of $108.41.

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). 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.