IPG Investment Advisors LLC Lowers Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

IPG Investment Advisors LLC lowered its holdings in iShares TIPS Bond ETF (NYSEARCA:TIPFree Report) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,959 shares of the exchange traded fund’s stock after selling 300 shares during the period. IPG Investment Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $1,285,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TIP. JPMorgan Chase & Co. grew its position in 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 acquiring an additional 835,933 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of iShares TIPS Bond ETF by 179.2% in the third quarter. Envestnet Asset Management Inc. now owns 5,036,259 shares of the exchange traded fund’s stock worth $522,361,000 after buying an additional 3,232,628 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of iShares TIPS Bond ETF by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,716,680 shares of the exchange traded fund’s stock worth $385,494,000 after buying an additional 148,842 shares during the period. Rock Creek Group LP boosted its position in shares of iShares TIPS Bond ETF by 1,992.9% in the third quarter. Rock Creek Group LP now owns 2,756,361 shares of the exchange traded fund’s stock worth $285,890,000 after buying an additional 2,624,661 shares during the period. Finally, LPL Financial LLC boosted its position in shares of iShares TIPS Bond ETF by 37.7% in the third quarter. LPL Financial LLC now owns 2,155,028 shares of the exchange traded fund’s stock worth $223,520,000 after buying an additional 589,881 shares during the period.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP traded up $0.13 during trading on Monday, hitting $106.44. The company’s stock had a trading volume of 592,900 shares, compared to its average volume of 2,139,310. iShares TIPS Bond ETF has a fifty-two week low of $101.74 and a fifty-two week high of $108.54. The stock’s 50-day moving average price is $106.30 and its two-hundred day moving average price is $106.36. The company has a market capitalization of $18.47 billion, a PE ratio of 11.86 and a beta of 0.09.

iShares TIPS Bond ETF Company Profile

(Free Report)

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).

Further Reading

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Institutional Ownership by Quarter for iShares TIPS Bond ETF (NYSEARCA:TIP)

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