ProVise Management Group LLC Has $300,000 Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

ProVise Management Group LLC lowered its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,817 shares of the exchange traded fund’s stock after selling 150 shares during the period. ProVise Management Group LLC’s holdings in iShares TIPS Bond ETF were worth $300,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Horizon Investments LLC boosted its stake in iShares TIPS Bond ETF by 1.0% during the 4th quarter. Horizon Investments LLC now owns 92,542 shares of the exchange traded fund’s stock valued at $9,860,000 after purchasing an additional 907 shares during the last quarter. Clarity Wealth Development LLC acquired a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $207,000. Gray Wealth Management Inc. boosted its stake in iShares TIPS Bond ETF by 3.3% during the 4th quarter. Gray Wealth Management Inc. now owns 42,675 shares of the exchange traded fund’s stock valued at $4,547,000 after purchasing an additional 1,348 shares during the last quarter. Signature Wealth Management Group boosted its stake in iShares TIPS Bond ETF by 1.8% during the 4th quarter. Signature Wealth Management Group now owns 40,328 shares of the exchange traded fund’s stock valued at $4,297,000 after purchasing an additional 725 shares during the last quarter. Finally, Family Firm Inc. boosted its stake in iShares TIPS Bond ETF by 0.5% during the 4th quarter. Family Firm Inc. now owns 187,377 shares of the exchange traded fund’s stock valued at $19,965,000 after purchasing an additional 970 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $110.13 on Thursday. The company has a market capitalization of $14.34 billion, a P/E ratio of 12.32 and a beta of 0.28. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06. The business has a 50-day simple moving average of $108.51 and a two-hundred day simple moving average of $108.54.

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).