Lpwm LLC Trims Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Lpwm LLC reduced its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 49.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,046 shares of the exchange traded fund’s stock after selling 2,945 shares during the period. Lpwm LLC’s holdings in iShares TIPS Bond ETF were worth $338,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TIP. Assetmark Inc. raised its stake in iShares TIPS Bond ETF by 1,852.1% during the 4th quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock valued at $154,764,000 after acquiring an additional 1,378,094 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in iShares TIPS Bond ETF by 3,416.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,044,440 shares of the exchange traded fund’s stock valued at $111,285,000 after acquiring an additional 1,014,735 shares during the last quarter. FMR LLC raised its stake in iShares TIPS Bond ETF by 10.6% during the 4th quarter. FMR LLC now owns 7,729,985 shares of the exchange traded fund’s stock valued at $823,630,000 after acquiring an additional 739,540 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in iShares TIPS Bond ETF during the 4th quarter valued at approximately $76,533,000. Finally, FIL Ltd raised its stake in iShares TIPS Bond ETF by 121.0% during the 4th quarter. FIL Ltd now owns 946,857 shares of the exchange traded fund’s stock valued at $100,888,000 after acquiring an additional 518,387 shares during the last quarter.

iShares TIPS Bond ETF Stock Down 0.5%

TIP opened at $108.07 on Friday. The business has a 50 day moving average price of $109.03 and a two-hundred day moving average price of $108.55. The company has a market cap of $13.76 billion, a PE ratio of 12.40 and a beta of 0.28. iShares TIPS Bond ETF has a 52 week low of $105.85 and a 52 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).