Fortitude Family Office LLC Cuts Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Fortitude Family Office LLC cut its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 43.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,640 shares of the exchange traded fund’s stock after selling 31,127 shares during the quarter. iShares TIPS Bond ETF accounts for 1.5% of Fortitude Family Office LLC’s portfolio, making the stock its 12th biggest holding. Fortitude Family Office LLC’s holdings in iShares TIPS Bond ETF were worth $4,330,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TIP. FMR LLC lifted its position in shares of iShares TIPS Bond ETF by 106.7% during the 3rd 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 during the period. Sumitomo Life Insurance Co. purchased a new stake in iShares TIPS Bond ETF during the third quarter worth $102,200,000. Envestnet Asset Management Inc. boosted its position in iShares TIPS Bond ETF by 12.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock worth $388,581,000 after purchasing an additional 410,284 shares in the last quarter. International Assets Investment Management LLC grew its holdings in iShares TIPS Bond ETF by 10,652.4% in the third quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock valued at $44,412,000 after purchasing an additional 398,292 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF in the second quarter valued at $24,990,000.

iShares TIPS Bond ETF Stock Up 0.3 %

iShares TIPS Bond ETF stock opened at $106.60 on Friday. The firm has a market capitalization of $18.50 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 52 week low of $104.67 and a 52 week high of $111.06. The firm’s 50-day simple moving average is $107.58 and its 200 day simple moving average is $108.29.

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).