Private Trust Co. NA Sells 423 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Private Trust Co. NA trimmed its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 9.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,224 shares of the exchange traded fund’s stock after selling 423 shares during the quarter. Private Trust Co. NA’s holdings in iShares TIPS Bond ETF were worth $467,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. lifted its position in shares of iShares TIPS Bond ETF by 12.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock valued at $388,581,000 after buying an additional 410,284 shares during the last quarter. Sumitomo Life Insurance Co. purchased a new stake in iShares TIPS Bond ETF during the third quarter valued at about $102,200,000. Marshall Wace LLP boosted its position in iShares TIPS Bond ETF by 3.1% during the second quarter. Marshall Wace LLP now owns 561,570 shares of the exchange traded fund’s stock worth $59,964,000 after purchasing an additional 16,839 shares during the period. Bank of New York Mellon Corp increased its stake in shares of iShares TIPS Bond ETF by 30.2% in the second quarter. Bank of New York Mellon Corp now owns 464,032 shares of the exchange traded fund’s stock worth $49,549,000 after purchasing an additional 107,653 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of iShares TIPS Bond ETF by 5.0% in the second quarter. Cetera Investment Advisers now owns 443,962 shares of the exchange traded fund’s stock worth $47,406,000 after purchasing an additional 21,268 shares in the last quarter.

iShares TIPS Bond ETF Trading Up 0.3 %

Shares of TIP stock opened at $108.45 on Thursday. The firm’s 50 day moving average is $108.90 and its 200 day moving average is $108.13. The stock has a market capitalization of $18.82 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12 month low of $104.36 and a 12 month high of $111.06.

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).