Red Wave Investments LLC Has $1.19 Million Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Red Wave Investments LLC lessened its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 27.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,064 shares of the exchange traded fund’s stock after selling 4,191 shares during the quarter. Red Wave Investments LLC’s holdings in iShares TIPS Bond ETF were worth $1,189,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TIP. Meritas Wealth Management LLC boosted its holdings in iShares TIPS Bond ETF by 1.8% in the 3rd quarter. Meritas Wealth Management LLC now owns 5,658 shares of the exchange traded fund’s stock valued at $587,000 after purchasing an additional 100 shares during the period. Gradient Investments LLC grew its position in iShares TIPS Bond ETF by 15.6% during the third quarter. Gradient Investments LLC now owns 763 shares of the exchange traded fund’s stock worth $79,000 after buying an additional 103 shares in the last quarter. AlphaCore Capital LLC increased its stake in iShares TIPS Bond ETF by 5.9% in the 3rd quarter. AlphaCore Capital LLC now owns 1,859 shares of the exchange traded fund’s stock worth $193,000 after acquiring an additional 103 shares during the last quarter. Welch & Forbes LLC raised its holdings in shares of iShares TIPS Bond ETF by 0.4% in the 3rd quarter. Welch & Forbes LLC now owns 26,805 shares of the exchange traded fund’s stock valued at $2,780,000 after acquiring an additional 104 shares in the last quarter. Finally, Fortune Financial Advisors LLC boosted its position in shares of iShares TIPS Bond ETF by 0.5% during the 3rd quarter. Fortune Financial Advisors LLC now owns 19,823 shares of the exchange traded fund’s stock valued at $2,056,000 after acquiring an additional 107 shares during the last quarter.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $105.90 on Monday. iShares TIPS Bond ETF has a 1-year low of $101.74 and a 1-year high of $110.47. The company has a market capitalization of $18.60 billion, a P/E ratio of 11.92 and a beta of 0.09. The firm’s 50 day simple moving average is $106.53 and its 200 day simple moving average is $105.96.

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).