iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Sold by ProVise Management Group LLC

ProVise Management Group LLC decreased its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 26.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,221 shares of the exchange traded fund’s stock after selling 1,486 shares during the quarter. ProVise Management Group LLC’s holdings in iShares TIPS Bond ETF were worth $451,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. YHB Investment Advisors Inc. acquired a new position in iShares TIPS Bond ETF during the first quarter worth approximately $30,000. Private Ocean LLC increased its position in shares of iShares TIPS Bond ETF by 66.7% in the second quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 116 shares in the last quarter. Salem Investment Counselors Inc. acquired a new stake in shares of iShares TIPS Bond ETF in the first quarter worth $36,000. Gradient Investments LLC increased its position in shares of iShares TIPS Bond ETF by 352.7% in the second quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 261 shares in the last quarter. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF in the second quarter worth $40,000.

iShares TIPS Bond ETF Stock Down 0.1 %

iShares TIPS Bond ETF stock opened at $110.55 on Friday. iShares TIPS Bond ETF has a 52-week low of $101.74 and a 52-week high of $111.06. The firm has a fifty day moving average of $108.77 and a 200-day moving average of $107.31. The firm has a market capitalization of $19.18 billion, a P/E 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).