White Pine Capital LLC Sells 4,197 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

White Pine Capital LLC reduced its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 20.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,301 shares of the exchange traded fund’s stock after selling 4,197 shares during the quarter. White Pine Capital LLC’s holdings in iShares TIPS Bond ETF were worth $1,752,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TIP. Fortis Group Advisors LLC bought a new position in iShares TIPS Bond ETF in the 3rd quarter worth $27,000. Trifecta Capital Advisors LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter worth $27,000. Life Planning Partners Inc bought a new position in iShares TIPS Bond ETF in the 4th quarter worth $30,000. Covestor Ltd bought a new position in iShares TIPS Bond ETF in the 3rd quarter worth $33,000. Finally, Sound Income Strategies LLC increased its stake in shares of iShares TIPS Bond ETF by 108.7% in the 4th quarter. Sound Income Strategies LLC now owns 361 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 188 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of iShares TIPS Bond ETF stock traded up $0.27 during trading on Friday, hitting $105.78. The company’s stock had a trading volume of 1,382,555 shares, compared to its average volume of 2,184,771. The company has a fifty day simple moving average of $106.53 and a two-hundred day simple moving average of $105.92. The company has a market capitalization of $18.57 billion, a PE ratio of 11.92 and a beta of 0.09. iShares TIPS Bond ETF has a 52 week low of $101.74 and a 52 week high of $110.47.

iShares TIPS Bond ETF Company 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).