Peregrine Asset Advisers Inc. Lowers Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Peregrine Asset Advisers Inc. lessened its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 9.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,966 shares of the exchange traded fund’s stock after selling 1,211 shares during the period. Peregrine Asset Advisers Inc.’s holdings in iShares TIPS Bond ETF were worth $1,179,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Gradient Investments LLC boosted its position in shares of iShares TIPS Bond ETF by 15.6% in the 3rd quarter. Gradient Investments LLC now owns 763 shares of the exchange traded fund’s stock worth $79,000 after purchasing an additional 103 shares in the last quarter. AlphaCore Capital LLC boosted its holdings in iShares TIPS Bond ETF by 5.9% in the third 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 in the last quarter. Welch & Forbes LLC increased its holdings in shares of iShares TIPS Bond ETF by 0.4% during the third 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. Objective Capital Management LLC increased its stake in iShares TIPS Bond ETF by 5.8% during the 3rd quarter. Objective Capital Management LLC now owns 2,020 shares of the exchange traded fund’s stock valued at $210,000 after purchasing an additional 111 shares in the last quarter. Finally, Archer Investment Corp lifted its stake in shares of iShares TIPS Bond ETF by 10.1% in the fourth quarter. Archer Investment Corp now owns 1,268 shares of the exchange traded fund’s stock worth $136,000 after buying an additional 116 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of TIP traded up $0.05 on Monday, hitting $105.98. 1,027,390 shares of the stock traded hands, compared to its average volume of 2,186,614. The company has a market capitalization of $18.39 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a one year low of $101.74 and a one year high of $109.99. The business has a 50 day simple moving average of $106.47 and a 200 day simple moving average of $106.07.

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).