Stone House Investment Management LLC Reduces Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Stone House Investment Management LLC lessened its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 90.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 471 shares of the exchange traded fund’s stock after selling 4,451 shares during the quarter. Stone House Investment Management LLC’s holdings in iShares TIPS Bond ETF were worth $52,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. William B. Walkup & Associates Inc. purchased a new position in iShares TIPS Bond ETF during the second quarter valued at approximately $26,000. Private Ocean LLC grew its position in shares of 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 in the last quarter. Eastern Bank bought a new position in shares of iShares TIPS Bond ETF in the third quarter worth $37,000. Gradient Investments LLC raised 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 buying an additional 261 shares in the last quarter. Finally, Hobbs Group Advisors LLC bought a new stake in iShares TIPS Bond ETF during the second quarter valued at $40,000.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock traded up $0.26 during midday trading on Wednesday, hitting $108.37. 411,842 shares of the company’s stock were exchanged, compared to its average volume of 1,957,940. The stock has a 50-day moving average price of $108.94 and a two-hundred day moving average price of $108.13. iShares TIPS Bond ETF has a 52-week low of $104.36 and a 52-week high of $111.06. The company has a market cap of $18.80 billion, a P/E ratio of 11.86 and a beta of 0.09.

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).