Park Avenue Securities LLC trimmed its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 62.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,425 shares of the exchange traded fund’s stock after selling 5,590 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares TIPS Bond ETF were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of TIP. GenTrust LLC increased its holdings in shares of iShares TIPS Bond ETF by 0.9% in the third quarter. GenTrust LLC now owns 196,162 shares of the exchange traded fund’s stock worth $21,670,000 after purchasing an additional 1,804 shares during the period. International Assets Investment Management LLC increased its stake in iShares TIPS Bond ETF by 10,652.4% in the 3rd quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock worth $44,412,000 after acquiring an additional 398,292 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of iShares TIPS Bond ETF by 1.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock valued at $318,257,000 after acquiring an additional 51,713 shares in the last quarter. Buck Wealth Strategies LLC boosted its position in shares of iShares TIPS Bond ETF by 1,108.6% during the 2nd quarter. Buck Wealth Strategies LLC now owns 68,057 shares of the exchange traded fund’s stock valued at $7,267,000 after acquiring an additional 62,426 shares during the last quarter. Finally, Curran Financial Partners LLC boosted its position in shares of iShares TIPS Bond ETF by 0.8% during the 3rd quarter. Curran Financial Partners LLC now owns 18,377 shares of the exchange traded fund’s stock valued at $2,030,000 after acquiring an additional 145 shares during the last quarter.
iShares TIPS Bond ETF Trading Up 0.2 %
TIP stock opened at $107.43 on Friday. The company’s 50 day moving average is $107.38 and its 200 day moving average is $108.30. The stock has a market cap of $18.64 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year 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).
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