iShares TIPS Bond ETF $TIP Stock Holdings Cut by Dakota Wealth Management

Dakota Wealth Management reduced its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.6% during the third quarter, Holdings Channel.com reports. The fund owned 258,238 shares of the exchange traded fund’s stock after selling 21,343 shares during the quarter. Dakota Wealth Management’s holdings in iShares TIPS Bond ETF were worth $28,721,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TIP. Private Advisory Group LLC raised its position in shares of iShares TIPS Bond ETF by 14.6% during the third quarter. Private Advisory Group LLC now owns 24,951 shares of the exchange traded fund’s stock worth $2,775,000 after purchasing an additional 3,187 shares during the period. Trajan Wealth LLC purchased a new stake in shares of iShares TIPS Bond ETF during the third quarter worth $218,000. Clearstead Advisors LLC lifted its holdings in shares of iShares TIPS Bond ETF by 14.2% during the 3rd quarter. Clearstead Advisors LLC now owns 4,917 shares of the exchange traded fund’s stock valued at $547,000 after buying an additional 613 shares during the last quarter. Avalon Trust Co lifted its stake in iShares TIPS Bond ETF by 47.7% in the third quarter. Avalon Trust Co now owns 2,547 shares of the exchange traded fund’s stock valued at $283,000 after acquiring an additional 823 shares during the last quarter. Finally, Alteri Wealth LLC grew its position in iShares TIPS Bond ETF by 14.8% in the third quarter. Alteri Wealth LLC now owns 3,188 shares of the exchange traded fund’s stock worth $355,000 after acquiring an additional 410 shares in the last quarter. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Up 0.1%

Shares of TIP opened at $111.29 on Tuesday. The firm has a market cap of $13.94 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The company’s fifty day moving average is $110.39 and its 200-day moving average is $110.83. iShares TIPS Bond ETF has a 12 month low of $106.47 and a 12 month high of $112.26.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.