City Holding Co. Lowers Position in iShares TIPS Bond ETF $TIP

City Holding Co. reduced its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 18.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,506 shares of the exchange traded fund’s stock after selling 348 shares during the quarter. City Holding Co.’s holdings in iShares TIPS Bond ETF were worth $166,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Envestnet Asset Management Inc. raised its position in iShares TIPS Bond ETF by 7.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,161,741 shares of the exchange traded fund’s stock valued at $240,148,000 after buying an additional 141,703 shares during the last quarter. Sumitomo Life Insurance Co. increased its position in shares of iShares TIPS Bond ETF by 10.0% during the 1st quarter. Sumitomo Life Insurance Co. now owns 1,607,733 shares of the exchange traded fund’s stock valued at $178,603,000 after purchasing an additional 145,987 shares during the last quarter. 3EDGE Asset Management LP increased its position in shares of iShares TIPS Bond ETF by 96.5% during the 1st quarter. 3EDGE Asset Management LP now owns 1,561,824 shares of the exchange traded fund’s stock valued at $173,431,000 after purchasing an additional 766,851 shares during the last quarter. LPL Financial LLC increased its position in shares of iShares TIPS Bond ETF by 3.2% during the 1st quarter. LPL Financial LLC now owns 1,138,764 shares of the exchange traded fund’s stock valued at $126,505,000 after purchasing an additional 34,866 shares during the last quarter. Finally, Partners Capital Investment Group LLP increased its position in shares of iShares TIPS Bond ETF by 80.5% during the 1st quarter. Partners Capital Investment Group LLP now owns 1,023,999 shares of the exchange traded fund’s stock valued at $113,756,000 after purchasing an additional 456,633 shares during the last quarter. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Price Performance

Shares of iShares TIPS Bond ETF stock opened at $111.11 on Monday. iShares TIPS Bond ETF has a 1 year low of $106.04 and a 1 year high of $112.26. The firm has a market cap of $13.84 billion, a PE ratio of 12.40 and a beta of 0.19. The stock has a fifty day moving average price of $110.73 and a 200-day moving average price of $109.76.

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).