Ballast Advisors LLC Sells 297 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Ballast Advisors LLC trimmed its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 27.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 766 shares of the exchange traded fund’s stock after selling 297 shares during the quarter. Ballast Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $82,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TIP. Kohmann Bosshard Financial Services LLC purchased a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $26,000. Mainstream Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the fourth quarter worth about $30,000. Kestra Investment Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the fourth quarter worth about $45,000. GPS Wealth Strategies Group LLC increased its holdings in iShares TIPS Bond ETF by 26.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 100 shares during the period. Finally, Washington Trust Advisors Inc. bought a new position in iShares TIPS Bond ETF during the 4th quarter valued at approximately $57,000.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $110.23 on Friday. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.06. The firm has a market cap of $14.35 billion, a P/E ratio of 12.32 and a beta of 0.28. The business’s 50 day moving average price is $108.58 and its 200-day moving average price is $108.55.

iShares TIPS Bond ETF Company 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).