Ellis Investment Partners LLC Cuts Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Ellis Investment Partners LLC reduced its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,370 shares of the exchange traded fund’s stock after selling 1,318 shares during the quarter. Ellis Investment Partners LLC’s holdings in iShares TIPS Bond ETF were worth $1,851,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TIP. FMR LLC increased its position in shares of iShares TIPS Bond ETF by 106.7% during the third quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock valued at $772,234,000 after acquiring an additional 3,608,542 shares in the last quarter. Sumitomo Life Insurance Co. boosted its stake in iShares TIPS Bond ETF by 58.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock valued at $155,749,000 after purchasing an additional 536,610 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of iShares TIPS Bond ETF by 10,652.4% in the 3rd quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock worth $44,412,000 after purchasing an additional 398,292 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of iShares TIPS Bond ETF by 25,645.3% in the fourth quarter. SG Americas Securities LLC now owns 273,930 shares of the exchange traded fund’s stock worth $29,187,000 after purchasing an additional 272,866 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of iShares TIPS Bond ETF in the fourth quarter worth $18,602,000.

iShares TIPS Bond ETF Price Performance

iShares TIPS Bond ETF stock opened at $108.61 on Friday. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.06. The business’s fifty day moving average is $107.37 and its 200 day moving average is $108.40. The stock has a market capitalization of $18.84 billion, a PE ratio of 11.86 and a beta of 0.09.

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).