Ellenbecker Investment Group Sells 1,514 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Ellenbecker Investment Group lessened its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,950 shares of the exchange traded fund’s stock after selling 1,514 shares during the quarter. Ellenbecker Investment Group’s holdings in iShares TIPS Bond ETF were worth $1,284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fortis Group Advisors LLC bought a new position in iShares TIPS Bond ETF in the third quarter valued at approximately $27,000. Trifecta Capital Advisors LLC acquired a new stake in iShares TIPS Bond ETF in the fourth quarter valued at $27,000. Life Planning Partners Inc acquired a new stake in iShares TIPS Bond ETF in the fourth quarter valued at $30,000. Covestor Ltd acquired a new stake in iShares TIPS Bond ETF in the third quarter valued at $33,000. Finally, Sound Income Strategies LLC increased its holdings in iShares TIPS Bond ETF by 108.7% in the fourth quarter. Sound Income Strategies LLC now owns 361 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 188 shares during the period.

iShares TIPS Bond ETF Price Performance

NYSEARCA TIP traded up $0.10 on Tuesday, reaching $105.89. The company had a trading volume of 2,243,075 shares, compared to its average volume of 2,194,815. The firm has a market cap of $18.59 billion, a price-to-earnings ratio of 11.92 and a beta of 0.09. iShares TIPS Bond ETF has a fifty-two week low of $101.74 and a fifty-two week high of $110.88. The business has a 50 day moving average of $106.56 and a two-hundred day moving average of $105.88.

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).