W.H. Cornerstone Investments Inc. Lowers Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

W.H. Cornerstone Investments Inc. lowered its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 52.1% during the 3rd quarter, Holdings Channel reports. The firm owned 1,901 shares of the exchange traded fund’s stock after selling 2,070 shares during the quarter. W.H. Cornerstone Investments Inc.’s holdings in iShares TIPS Bond ETF were worth $210,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TIP. William B. Walkup & Associates Inc. purchased a new position in shares of iShares TIPS Bond ETF during the second quarter valued at $26,000. Private Ocean LLC increased its position 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 purchasing an additional 116 shares during the period. Gradient Investments LLC raised its holdings in shares of iShares TIPS Bond ETF by 352.7% in the 2nd quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 261 shares in the last quarter. Eastern Bank bought a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter valued at about $37,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter worth approximately $40,000.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP opened at $107.94 on Tuesday. The company has a market cap of $18.73 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 52-week low of $103.19 and a 52-week high of $111.06. The firm’s 50 day moving average price is $109.51 and its 200-day moving average price is $107.89.

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).