Ellis Investment Partners LLC Sells 623 Shares of iShares TIPS Bond ETF $TIP

Ellis Investment Partners LLC cut its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,059 shares of the exchange traded fund’s stock after selling 623 shares during the period. Ellis Investment Partners LLC’s holdings in iShares TIPS Bond ETF were worth $1,767,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in shares of iShares TIPS Bond ETF by 7.0% during the first quarter. Envestnet Asset Management Inc. now owns 2,161,741 shares of the exchange traded fund’s stock valued at $240,148,000 after buying an additional 141,703 shares during the last quarter. Sumitomo Life Insurance Co. grew its stake in iShares TIPS Bond ETF by 10.0% during the first quarter. Sumitomo Life Insurance Co. now owns 1,607,733 shares of the exchange traded fund’s stock valued at $178,603,000 after acquiring an additional 145,987 shares in the last quarter. 3EDGE Asset Management LP increased its holdings in iShares TIPS Bond ETF by 96.5% in the 1st quarter. 3EDGE Asset Management LP now owns 1,561,824 shares of the exchange traded fund’s stock valued at $173,431,000 after acquiring an additional 766,851 shares during the last quarter. LPL Financial LLC increased its holdings in iShares TIPS Bond ETF by 3.2% in the 1st quarter. LPL Financial LLC now owns 1,138,764 shares of the exchange traded fund’s stock valued at $126,505,000 after acquiring an additional 34,866 shares during the last quarter. Finally, Partners Capital Investment Group LLP lifted its stake in iShares TIPS Bond ETF by 80.5% in the 1st quarter. Partners Capital Investment Group LLP now owns 1,023,999 shares of the exchange traded fund’s stock worth $113,756,000 after purchasing an additional 456,633 shares in the last quarter. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Up 0.4%

TIP opened at $111.51 on Monday. The company has a market capitalization of $14.08 billion, a PE ratio of 12.40 and a beta of 0.19. The firm has a 50-day simple moving average of $110.99 and a two-hundred day simple moving average of $109.85. iShares TIPS Bond ETF has a 52 week low of $106.04 and a 52 week high of $112.26.

About iShares TIPS Bond ETF

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).