Fiduciary Financial Group LLC Cuts Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Fiduciary Financial Group LLC lowered its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 8.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,540 shares of the exchange traded fund’s stock after selling 864 shares during the period. Fiduciary Financial Group LLC’s holdings in iShares TIPS Bond ETF were worth $1,030,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. FMR LLC grew its position in iShares TIPS Bond ETF by 10.6% in the 4th quarter. FMR LLC now owns 7,729,985 shares of the exchange traded fund’s stock worth $823,630,000 after purchasing an additional 739,540 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 worth $318,257,000 after buying an additional 51,713 shares during the last quarter. Rock Creek Group LP grew its holdings in shares of iShares TIPS Bond ETF by 0.7% in the fourth quarter. Rock Creek Group LP now owns 2,764,310 shares of the exchange traded fund’s stock valued at $294,537,000 after acquiring an additional 18,908 shares in the last quarter. Assetmark Inc. increased its position in shares of 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 valued at $154,764,000 after acquiring an additional 1,378,094 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of iShares TIPS Bond ETF by 5.0% during the fourth quarter. LPL Financial LLC now owns 1,103,898 shares of the exchange traded fund’s stock valued at $117,620,000 after acquiring an additional 52,479 shares during the last quarter.

iShares TIPS Bond ETF Trading Up 0.1%

TIP stock opened at $108.22 on Tuesday. iShares TIPS Bond ETF has a 1-year low of $105.85 and a 1-year high of $111.51. The stock has a market cap of $13.78 billion, a P/E ratio of 12.40 and a beta of 0.28. The stock’s fifty day simple moving average is $108.99 and its two-hundred day simple moving average is $108.56.

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).