Harbour Investments Inc. Sells 1,034 Shares of iShares TIPS Bond ETF $TIP

Harbour Investments Inc. trimmed its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 6.7% in the 2nd quarter, Holdings Channel reports. The firm owned 14,287 shares of the exchange traded fund’s stock after selling 1,034 shares during the quarter. Harbour Investments Inc.’s holdings in iShares TIPS Bond ETF were worth $1,572,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its stake in shares of iShares TIPS Bond ETF by 295.0% in the 1st quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 177 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in iShares TIPS Bond ETF during the first quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in iShares TIPS Bond ETF during the second quarter valued at about $28,000. Rossby Financial LCC purchased a new stake in iShares TIPS Bond ETF during the first quarter valued at about $30,000. Finally, Avalon Trust Co purchased a new stake in iShares TIPS Bond ETF during the first quarter valued at about $31,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.2%

NYSEARCA TIP opened at $111.68 on Friday. The company has a 50-day simple moving average of $111.12 and a two-hundred day simple moving average of $109.90. iShares TIPS Bond ETF has a 12-month low of $106.04 and a 12-month high of $112.26. The firm has a market cap of $14.07 billion, a price-to-earnings ratio of 12.40 and a beta of 0.19.

iShares TIPS Bond ETF 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).