Bar Harbor Wealth Management Cuts Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Bar Harbor Wealth Management decreased its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,759 shares of the exchange traded fund’s stock after selling 219 shares during the quarter. Bar Harbor Wealth Management’s holdings in iShares TIPS Bond ETF were worth $526,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TIP. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of iShares TIPS Bond ETF in the 1st quarter worth about $201,931,000. Sumitomo Life Insurance Co. purchased a new stake in shares of iShares TIPS Bond ETF during the third quarter valued at approximately $102,200,000. Envestnet Asset Management Inc. grew its holdings in shares of iShares TIPS Bond ETF by 12.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock valued at $388,581,000 after buying an additional 410,284 shares during the last quarter. Quotient Wealth Partners LLC increased its holdings in shares of iShares TIPS Bond ETF by 6,782.8% in the 2nd quarter. Quotient Wealth Partners LLC now owns 370,846 shares of the exchange traded fund’s stock worth $39,599,000 after purchasing an additional 365,458 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in iShares TIPS Bond ETF by 14,118.3% in the 1st quarter. SG Americas Securities LLC now owns 358,727 shares of the exchange traded fund’s stock worth $38,531,000 after buying an additional 356,204 shares during the last quarter.

iShares TIPS Bond ETF Stock Up 0.2 %

TIP opened at $109.36 on Friday. iShares TIPS Bond ETF has a twelve month low of $102.32 and a twelve month high of $111.06. The firm has a 50 day moving average price of $109.62 and a 200-day moving average price of $107.71. The stock has a market capitalization of $18.97 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

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).