White Pine Investment CO Boosts Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

White Pine Investment CO increased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 74,266 shares of the exchange traded fund’s stock after purchasing an additional 1,284 shares during the period. iShares TIPS Bond ETF accounts for about 2.3% of White Pine Investment CO’s investment portfolio, making the stock its 15th biggest holding. White Pine Investment CO’s holdings in iShares TIPS Bond ETF were worth $8,204,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TIP. William B. Walkup & Associates Inc. acquired a new position in shares of iShares TIPS Bond ETF during the second quarter worth about $26,000. Private Ocean LLC lifted its stake in iShares TIPS Bond ETF by 66.7% in the second quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 116 shares during the last quarter. Gradient Investments LLC grew its holdings in iShares TIPS Bond ETF by 352.7% during the 2nd 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. Eastern Bank purchased a new stake in shares of iShares TIPS Bond ETF in the 3rd quarter valued at approximately $37,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter valued at $40,000.

iShares TIPS Bond ETF Trading Down 0.4 %

iShares TIPS Bond ETF stock opened at $107.76 on Friday. The company has a fifty day simple moving average of $109.54 and a 200-day simple moving average of $107.86. The stock has a market cap of $18.70 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12-month low of $103.19 and a 12-month high of $111.06.

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).