SeaCrest Wealth Management LLC Cuts Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

SeaCrest Wealth Management LLC lessened its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 10.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 7,270 shares of the exchange traded fund’s stock after selling 822 shares during the period. SeaCrest Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $781,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. grew its position in shares of iShares TIPS Bond ETF by 17.6% during the third quarter. JPMorgan Chase & Co. now owns 5,577,654 shares of the exchange traded fund’s stock valued at $578,524,000 after purchasing an additional 835,933 shares in the last quarter. Evoke Wealth LLC grew its position in shares of iShares TIPS Bond ETF by 181.8% during the fourth quarter. Evoke Wealth LLC now owns 1,246,137 shares of the exchange traded fund’s stock valued at $133,947,000 after purchasing an additional 803,988 shares in the last quarter. Sumitomo Life Insurance Co. purchased a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at about $67,988,000. 3EDGE Asset Management LP purchased a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at about $63,005,000. Finally, International Assets Investment Management LLC grew its position in shares of iShares TIPS Bond ETF by 7,161.8% during the fourth quarter. International Assets Investment Management LLC now owns 548,047 shares of the exchange traded fund’s stock valued at $58,910,000 after purchasing an additional 540,500 shares in the last quarter.

iShares TIPS Bond ETF Stock Up 0.4 %

Shares of iShares TIPS Bond ETF stock opened at $106.54 on Thursday. The firm has a market cap of $18.48 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The business has a 50-day moving average price of $106.39 and a 200-day moving average price of $106.67. iShares TIPS Bond ETF has a twelve month low of $101.74 and a twelve month high of $108.54.

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).