iShares TIPS Bond ETF (NYSEARCA:TIP) Stake Lowered by Moors & Cabot Inc.

Moors & Cabot Inc. decreased its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 10.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,194 shares of the exchange traded fund’s stock after selling 484 shares during the period. Moors & Cabot Inc.’s holdings in iShares TIPS Bond ETF were worth $463,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. William B. Walkup & Associates Inc. acquired a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at approximately $26,000. Private Ocean LLC raised its stake in iShares TIPS Bond ETF by 66.7% during the 2nd quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 116 shares in the last quarter. Eastern Bank acquired a new position in iShares TIPS Bond ETF during the 3rd quarter worth $37,000. Gradient Investments LLC grew its stake in shares of iShares TIPS Bond ETF by 352.7% in the second quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 261 shares in the last quarter. Finally, Hobbs Group Advisors LLC bought a new position in shares of iShares TIPS Bond ETF in the second quarter worth $40,000.

iShares TIPS Bond ETF Stock Up 0.1 %

Shares of NYSEARCA TIP opened at $107.77 on Friday. The firm’s 50-day simple moving average is $109.04 and its 200 day simple moving average is $108.07. The stock has a market cap of $18.70 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a fifty-two week low of $104.19 and a fifty-two week high of $111.06.

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).