Larson Financial Group LLC Sells 2,412 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Larson Financial Group LLC lessened its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 8.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,880 shares of the exchange traded fund’s stock after selling 2,412 shares during the quarter. Larson Financial Group LLC’s holdings in iShares TIPS Bond ETF were worth $2,748,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TIP. William B. Walkup & Associates Inc. acquired a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter valued at about $26,000. Private Ocean LLC lifted its position in shares of 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 worth $31,000 after buying an additional 116 shares during the period. Eastern Bank bought a new stake in iShares TIPS Bond ETF in the third quarter valued at $37,000. Gradient Investments LLC raised its stake in iShares TIPS Bond ETF by 352.7% during the second quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 261 shares in the last quarter. Finally, Hobbs Group Advisors LLC bought a new position in shares of iShares TIPS Bond ETF during the second quarter valued at $40,000.

iShares TIPS Bond ETF Stock Performance

TIP opened at $107.77 on Friday. The firm has a market cap of $18.70 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The firm’s 50-day simple moving average is $109.04 and its 200-day simple moving average is $108.08. iShares TIPS Bond ETF has a twelve month low of $104.19 and a twelve month high of $111.06.

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).