Fortitude Family Office LLC Trims Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Fortitude Family Office LLC lessened its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 43.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,640 shares of the exchange traded fund’s stock after selling 31,127 shares during the quarter. iShares TIPS Bond ETF makes up approximately 1.5% of Fortitude Family Office LLC’s holdings, making the stock its 12th largest holding. Fortitude Family Office LLC’s holdings in iShares TIPS Bond ETF were worth $4,330,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. purchased a new position in shares of iShares TIPS Bond ETF during the 2nd quarter worth $26,000. Eastern Bank acquired a new position in iShares TIPS Bond ETF in the third quarter valued at $37,000. Strategic Investment Solutions Inc. IL lifted its position in iShares TIPS Bond ETF by 102.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock worth $45,000 after buying an additional 204 shares during the period. Sound Income Strategies LLC boosted its stake in iShares TIPS Bond ETF by 125.7% in the 3rd quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 298 shares during the last quarter. Finally, Abich Financial Wealth Management LLC grew its holdings in iShares TIPS Bond ETF by 28.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $93,000 after buying an additional 194 shares during the period.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $106.60 on Friday. The firm’s 50-day simple moving average is $107.58 and its 200-day simple moving average is $108.29. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.06. The firm has a market cap of $18.50 billion, a P/E ratio of 11.86 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).