Ballentine Partners LLC Buys 3,866 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Ballentine Partners LLC lifted its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 81.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,602 shares of the exchange traded fund’s stock after acquiring an additional 3,866 shares during the quarter. Ballentine Partners LLC’s holdings in iShares TIPS Bond ETF were worth $919,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. bought a new stake in iShares TIPS Bond ETF during the first quarter valued at about $30,000. Private Ocean LLC raised its stake in iShares TIPS Bond ETF by 66.7% during the 2nd quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 116 shares during the period. First Pacific Financial raised its stake in iShares TIPS Bond ETF by 197.0% during the 1st quarter. First Pacific Financial now owns 294 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 195 shares during the period. Salem Investment Counselors Inc. purchased a new position in iShares TIPS Bond ETF in the 1st quarter worth approximately $36,000. Finally, Gradient Investments LLC boosted its stake in iShares TIPS Bond ETF by 352.7% in the 2nd quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 261 shares during the period.

iShares TIPS Bond ETF Price Performance

iShares TIPS Bond ETF stock opened at $109.74 on Tuesday. iShares TIPS Bond ETF has a 1 year low of $101.74 and a 1 year high of $109.99. The firm’s 50 day moving average price is $108.13 and its 200-day moving average price is $107.08. The stock has a market cap of $19.04 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).