Telemus Capital LLC Sells 19,008 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Telemus Capital LLC cut its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 42.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,662 shares of the exchange traded fund’s stock after selling 19,008 shares during the period. Telemus Capital LLC’s holdings in iShares TIPS Bond ETF were worth $2,758,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Meritas Wealth Management LLC boosted its holdings in shares of iShares TIPS Bond ETF by 1.8% in the 3rd quarter. Meritas Wealth Management LLC now owns 5,658 shares of the exchange traded fund’s stock valued at $587,000 after acquiring an additional 100 shares during the last quarter. Cedar Brook Financial Partners LLC boosted its holdings in iShares TIPS Bond ETF by 0.8% during the third quarter. Cedar Brook Financial Partners LLC now owns 12,742 shares of the exchange traded fund’s stock worth $1,322,000 after buying an additional 101 shares in the last quarter. Gradient Investments LLC boosted its holdings in iShares TIPS Bond ETF by 15.6% during the third quarter. Gradient Investments LLC now owns 763 shares of the exchange traded fund’s stock worth $79,000 after buying an additional 103 shares in the last quarter. AlphaCore Capital LLC boosted its holdings in iShares TIPS Bond ETF by 5.9% during the third quarter. AlphaCore Capital LLC now owns 1,859 shares of the exchange traded fund’s stock worth $193,000 after buying an additional 103 shares in the last quarter. Finally, Welch & Forbes LLC boosted its holdings in iShares TIPS Bond ETF by 0.4% during the third quarter. Welch & Forbes LLC now owns 26,805 shares of the exchange traded fund’s stock worth $2,780,000 after buying an additional 104 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $105.79 on Tuesday. The company’s fifty day moving average price is $106.56 and its 200 day moving average price is $105.88. iShares TIPS Bond ETF has a 1 year low of $101.74 and a 1 year high of $110.88. The company has a market capitalization of $18.58 billion, a PE ratio of 11.92 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).