Wallace Advisory Group LLC Decreases Stake in iShares TIPS Bond ETF $TIP

Wallace Advisory Group LLC cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 83.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,426 shares of the exchange traded fund’s stock after selling 17,847 shares during the period. Wallace Advisory Group LLC’s holdings in iShares TIPS Bond ETF were worth $377,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of TIP. Gladwyn Financial Advisors Inc. purchased a new position in shares of iShares TIPS Bond ETF in the second quarter worth about $25,000. Oliver Lagore Vanvalin Investment Group acquired a new position in iShares TIPS Bond ETF in the 2nd quarter worth approximately $28,000. Grove Bank & Trust purchased a new position in iShares TIPS Bond ETF during the 2nd quarter worth approximately $31,000. ST Germain D J Co. Inc. lifted its stake in iShares TIPS Bond ETF by 160.0% during the 2nd quarter. ST Germain D J Co. Inc. now owns 325 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 200 shares during the period. Finally, Hilltop National Bank purchased a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter valued at $36,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

NYSEARCA:TIP opened at $110.06 on Friday. The company’s fifty day moving average price is $110.90 and its 200-day moving average price is $110.54. iShares TIPS Bond ETF has a 1-year low of $106.09 and a 1-year high of $112.26. The firm has a market capitalization of $13.98 billion, a P/E ratio of 12.40 and a beta of 0.26.

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). 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.