Wallace Advisory Group LLC Has $925,000 Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Wallace Advisory Group LLC decreased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,659 shares of the exchange traded fund’s stock after selling 118 shares during the period. Wallace Advisory Group LLC’s holdings in iShares TIPS Bond ETF were worth $925,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Colony Family Offices LLC increased its position in shares of iShares TIPS Bond ETF by 5.4% during the first quarter. Colony Family Offices LLC now owns 1,906 shares of the exchange traded fund’s stock worth $205,000 after acquiring an additional 97 shares in the last quarter. Citizens & Northern Corp boosted its stake in iShares TIPS Bond ETF by 3.0% in the second quarter. Citizens & Northern Corp now owns 3,544 shares of the exchange traded fund’s stock valued at $378,000 after acquiring an additional 102 shares during the last quarter. TNF LLC boosted its stake in iShares TIPS Bond ETF by 1.1% in the second quarter. TNF LLC now owns 10,102 shares of the exchange traded fund’s stock valued at $1,079,000 after acquiring an additional 105 shares during the last quarter. Regal Investment Advisors LLC boosted its stake in iShares TIPS Bond ETF by 2.0% in the second quarter. Regal Investment Advisors LLC now owns 5,509 shares of the exchange traded fund’s stock valued at $588,000 after acquiring an additional 108 shares during the last quarter. Finally, Private Ocean LLC boosted its stake in iShares TIPS Bond ETF by 66.7% in the second quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 116 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

TIP traded down $0.75 during midday trading on Friday, reaching $109.39. The company had a trading volume of 1,920,678 shares, compared to its average volume of 1,924,858. The stock has a market cap of $18.98 billion, a PE ratio of 11.86 and a beta of 0.09. The business has a 50-day moving average price of $109.37 and a two-hundred day moving average price of $107.54. iShares TIPS Bond ETF has a 12-month low of $101.74 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).