iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC lowered its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 16.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,159 shares of the exchange traded fund’s stock after selling 1,244 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $668,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC raised its holdings in iShares TIPS Bond ETF by 106.7% during the third quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock worth $772,234,000 after purchasing an additional 3,608,542 shares in the last quarter. JPMorgan Chase & Co. lifted 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 buying an additional 51,713 shares during the period. Sumitomo Life Insurance Co. boosted its stake in shares of iShares TIPS Bond ETF by 58.0% in the fourth quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock valued at $155,749,000 after buying an additional 536,610 shares in the last quarter. Assetmark Inc. grew its holdings in iShares TIPS Bond ETF by 1,852.1% during the fourth quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock worth $154,764,000 after acquiring an additional 1,378,094 shares during the period. Finally, LPL Financial LLC raised its position in iShares TIPS Bond ETF by 5.0% in the fourth quarter. LPL Financial LLC now owns 1,103,898 shares of the exchange traded fund’s stock worth $117,620,000 after acquiring an additional 52,479 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $109.86 on Thursday. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.06. The firm has a market capitalization of $14.30 billion, a P/E ratio of 12.32 and a beta of 0.28. The company’s fifty day moving average is $108.86 and its two-hundred day moving average is $108.57.

iShares TIPS Bond ETF 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).