JPMorgan Chase & Co. Trims Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

JPMorgan Chase & Co. lowered its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 78.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 618,876 shares of the exchange traded fund’s stock after selling 2,262,060 shares during the period. JPMorgan Chase & Co.’s holdings in iShares TIPS Bond ETF were worth $65,941,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. GPS Wealth Strategies Group LLC grew its position in shares of iShares TIPS Bond ETF by 26.0% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 100 shares in the last quarter. FC Advisory LLC boosted its stake in iShares TIPS Bond ETF by 2.0% in the 4th quarter. FC Advisory LLC now owns 5,511 shares of the exchange traded fund’s stock worth $587,000 after purchasing an additional 110 shares during the period. Clear Investment Research LLC grew its holdings in iShares TIPS Bond ETF by 2.2% during the 4th quarter. Clear Investment Research LLC now owns 6,114 shares of the exchange traded fund’s stock valued at $652,000 after buying an additional 130 shares in the last quarter. Bank of Marin raised its position in shares of iShares TIPS Bond ETF by 1.5% during the fourth quarter. Bank of Marin now owns 9,220 shares of the exchange traded fund’s stock valued at $982,000 after buying an additional 137 shares during the last quarter. Finally, TI Trust Inc. lifted its holdings in shares of iShares TIPS Bond ETF by 0.7% in the fourth quarter. TI Trust Inc. now owns 21,985 shares of the exchange traded fund’s stock worth $2,343,000 after buying an additional 147 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

TIP opened at $110.60 on Friday. The stock has a market capitalization of $14.50 billion, a price-to-earnings ratio of 12.43 and a beta of 0.29. The company has a fifty day moving average of $109.33 and a 200 day moving average of $108.60. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.51.

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).