Harbour Investments Inc. Lowers Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Harbour Investments Inc. lowered its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.5% in the third quarter, Holdings Channel.com reports. The firm owned 16,204 shares of the exchange traded fund’s stock after selling 1,320 shares during the period. Harbour Investments Inc.’s holdings in iShares TIPS Bond ETF were worth $1,790,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC lifted its holdings in shares of iShares TIPS Bond ETF by 15.8% during the 1st quarter. Orion Portfolio Solutions LLC now owns 87,952 shares of the exchange traded fund’s stock worth $9,447,000 after acquiring an additional 11,993 shares during the period. Dorsey & Whitney Trust CO LLC grew its stake in shares of iShares TIPS Bond ETF by 32.0% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 18,286 shares of the exchange traded fund’s stock valued at $1,964,000 after buying an additional 4,432 shares during the period. Bright Financial Advisors Inc. acquired a new stake in shares of iShares TIPS Bond ETF during the 1st quarter worth $9,686,000. Chesapeake Capital Corp IL raised its position in shares of iShares TIPS Bond ETF by 224.6% in the 1st quarter. Chesapeake Capital Corp IL now owns 27,196 shares of the exchange traded fund’s stock worth $2,921,000 after buying an additional 18,818 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in iShares TIPS Bond ETF in the first quarter valued at $201,931,000.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA:TIP opened at $107.44 on Thursday. The business has a 50-day moving average of $109.39 and a two-hundred day moving average of $107.99. The firm has a market capitalization of $18.64 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12 month low of $103.76 and a 12 month high of $111.06.

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).