Sigma Investment Counselors Inc. Lowers Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Sigma Investment Counselors Inc. cut its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 35,538 shares of the exchange traded fund’s stock after selling 1,970 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in iShares TIPS Bond ETF were worth $3,787,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TIP. GenTrust LLC increased its holdings in iShares TIPS Bond ETF by 0.9% during the 3rd quarter. GenTrust LLC now owns 196,162 shares of the exchange traded fund’s stock worth $21,670,000 after purchasing an additional 1,804 shares during the period. International Assets Investment Management LLC grew its position in shares of iShares TIPS Bond ETF by 10,652.4% during the 3rd quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock worth $44,412,000 after buying an additional 398,292 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares TIPS Bond ETF by 1.8% during the third 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. Merit Financial Group LLC raised its holdings in shares of iShares TIPS Bond ETF by 167.4% in the fourth quarter. Merit Financial Group LLC now owns 5,084 shares of the exchange traded fund’s stock valued at $542,000 after acquiring an additional 3,183 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in iShares TIPS Bond ETF by 17.9% in the third quarter. Citigroup Inc. now owns 143,191 shares of the exchange traded fund’s stock worth $15,818,000 after acquiring an additional 21,755 shares during the period.

iShares TIPS Bond ETF Price Performance

Shares of iShares TIPS Bond ETF stock opened at $108.92 on Friday. The stock has a market cap of $18.90 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The firm’s 50-day moving average is $107.40 and its two-hundred day moving average is $108.41. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.06.

iShares TIPS Bond ETF Company 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).