iShares TIPS Bond ETF $TIP Shares Purchased by White Pine Investment CO

White Pine Investment CO raised its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 6.7% in the third quarter, HoldingsChannel.com reports. The firm owned 91,408 shares of the exchange traded fund’s stock after buying an additional 5,758 shares during the period. iShares TIPS Bond ETF comprises about 2.4% of White Pine Investment CO’s investment portfolio, making the stock its 12th biggest holding. White Pine Investment CO’s holdings in iShares TIPS Bond ETF were worth $10,166,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TIP. Fermata Advisors LLC increased its position in shares of iShares TIPS Bond ETF by 16.0% in the third quarter. Fermata Advisors LLC now owns 47,115 shares of the exchange traded fund’s stock worth $5,240,000 after acquiring an additional 6,514 shares in the last quarter. Carr Financial Group Corp acquired a new position in iShares TIPS Bond ETF in the 3rd quarter worth approximately $621,000. Arbor Investment Advisors LLC grew its position in iShares TIPS Bond ETF by 2.0% during the 2nd quarter. Arbor Investment Advisors LLC now owns 314,433 shares of the exchange traded fund’s stock worth $34,600,000 after purchasing an additional 6,157 shares in the last quarter. Avalon Trust Co raised its stake in iShares TIPS Bond ETF by 526.9% during the 2nd quarter. Avalon Trust Co now owns 1,724 shares of the exchange traded fund’s stock valued at $190,000 after purchasing an additional 1,449 shares during the period. Finally, Ethos Financial Group LLC lifted its holdings in shares of iShares TIPS Bond ETF by 21.3% in the second quarter. Ethos Financial Group LLC now owns 176,445 shares of the exchange traded fund’s stock valued at $19,416,000 after purchasing an additional 30,925 shares in the last quarter. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.1%

Shares of iShares TIPS Bond ETF stock opened at $109.78 on Tuesday. iShares TIPS Bond ETF has a 12 month low of $106.09 and a 12 month high of $112.26. The stock has a market cap of $13.94 billion, a PE ratio of 12.40 and a beta of 0.26. The business has a fifty day simple moving average of $111.00 and a 200-day simple moving average of $110.53.

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.