ProVise Management Group LLC Trims Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

ProVise Management Group LLC lessened its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 26.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,221 shares of the exchange traded fund’s stock after selling 1,486 shares during the period. ProVise Management Group LLC’s holdings in iShares TIPS Bond ETF were worth $451,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Waterloo Capital L.P. lifted its holdings in shares of iShares TIPS Bond ETF by 47.2% in the second quarter. Waterloo Capital L.P. now owns 4,422 shares of the exchange traded fund’s stock valued at $472,000 after purchasing an additional 1,418 shares in the last quarter. Blair William & Co. IL raised its position in shares of iShares TIPS Bond ETF by 7.0% in the second quarter. Blair William & Co. IL now owns 76,723 shares of the exchange traded fund’s stock valued at $8,192,000 after buying an additional 5,044 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of iShares TIPS Bond ETF by 5.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 71,798 shares of the exchange traded fund’s stock valued at $7,667,000 after buying an additional 3,506 shares during the last quarter. True Vision MN LLC raised its position in shares of iShares TIPS Bond ETF by 5.5% in the second quarter. True Vision MN LLC now owns 8,749 shares of the exchange traded fund’s stock valued at $934,000 after buying an additional 454 shares during the last quarter. Finally, Wealth Alliance raised its position in shares of iShares TIPS Bond ETF by 3.9% in the second quarter. Wealth Alliance now owns 37,070 shares of the exchange traded fund’s stock valued at $3,958,000 after buying an additional 1,404 shares during the last quarter.

iShares TIPS Bond ETF Price Performance

NYSEARCA:TIP opened at $110.55 on Friday. The firm has a 50 day simple moving average of $108.77 and a 200-day simple moving average of $107.31. The firm has a market cap of $19.18 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1-year low of $101.74 and a 1-year high of $111.06.

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).