White Pine Capital LLC Has $1.75 Million Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

White Pine Capital LLC cut its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 20.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,301 shares of the exchange traded fund’s stock after selling 4,197 shares during the quarter. White Pine Capital LLC’s holdings in iShares TIPS Bond ETF were worth $1,752,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Fortis Group Advisors LLC acquired a new stake in iShares TIPS Bond ETF during the third quarter worth about $27,000. Trifecta Capital Advisors LLC bought a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at approximately $27,000. Life Planning Partners Inc bought a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at approximately $30,000. Covestor Ltd bought a new position in shares of iShares TIPS Bond ETF in the third quarter valued at approximately $33,000. Finally, Sound Income Strategies LLC raised its stake in shares of iShares TIPS Bond ETF by 108.7% in the fourth quarter. Sound Income Strategies LLC now owns 361 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 188 shares during the last quarter.

iShares TIPS Bond ETF Stock Up 0.3 %

TIP stock traded up $0.27 during trading on Friday, hitting $105.78. The company had a trading volume of 1,382,555 shares, compared to its average volume of 2,184,771. The firm has a 50-day moving average price of $106.53 and a 200-day moving average price of $105.92. iShares TIPS Bond ETF has a 12 month low of $101.74 and a 12 month high of $110.47. The stock has a market cap of $18.57 billion, a price-to-earnings ratio of 11.92 and a beta of 0.09.

iShares TIPS Bond ETF Company 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).