Mayflower Financial Advisors LLC Cuts Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Mayflower Financial Advisors LLC lessened its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIPGet Rating) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,490 shares of the exchange traded fund’s stock after selling 1,047 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $914,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TIP. JPMorgan Chase & Co. boosted its holdings in shares of iShares TIPS Bond ETF by 106.9% in the 1st quarter. JPMorgan Chase & Co. now owns 1,060,826 shares of the exchange traded fund’s stock worth $132,148,000 after purchasing an additional 16,427,528 shares during the period. UBS Group AG boosted its holdings in shares of iShares TIPS Bond ETF by 316.1% in the 1st quarter. UBS Group AG now owns 4,129,432 shares of the exchange traded fund’s stock worth $514,403,000 after purchasing an additional 6,040,033 shares during the period. LPL Financial LLC boosted its holdings in shares of iShares TIPS Bond ETF by 31.0% in the 4th quarter. LPL Financial LLC now owns 4,598,385 shares of the exchange traded fund’s stock worth $594,111,000 after purchasing an additional 1,087,593 shares during the period. Magnolia Wealth Management LLC boosted its holdings in shares of iShares TIPS Bond ETF by 8,421.5% in the 1st quarter. Magnolia Wealth Management LLC now owns 1,075,752 shares of the exchange traded fund’s stock worth $135,282,000 after purchasing an additional 1,063,128 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in iShares TIPS Bond ETF by 47.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,943,604 shares of the exchange traded fund’s stock valued at $242,806,000 after acquiring an additional 629,471 shares during the period.

iShares TIPS Bond ETF Price Performance

TIP traded down $0.46 during trading hours on Friday, reaching $107.54. 4,058,927 shares of the company’s stock traded hands, compared to its average volume of 5,245,527. The firm has a 50-day moving average price of $113.95 and a 200 day moving average price of $117.69. iShares TIPS Bond ETF has a 52-week low of $107.39 and a 52-week high of $131.37.

About iShares TIPS Bond ETF

(Get Rating)

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

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