Congress Wealth Management LLC DE Decreases Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Congress Wealth Management LLC DE lessened its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 17.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,710 shares of the exchange traded fund’s stock after selling 4,928 shares during the period. Congress Wealth Management LLC DE’s holdings in iShares TIPS Bond ETF were worth $2,527,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted 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 acquiring an additional 3,608,542 shares during the period. JPMorgan Chase & Co. raised its stake in shares of iShares TIPS Bond ETF by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock worth $318,257,000 after purchasing an additional 51,713 shares during the period. Sumitomo Life Insurance Co. boosted its holdings in shares of iShares TIPS Bond ETF by 58.0% in the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock worth $155,749,000 after buying an additional 536,610 shares during the last quarter. Assetmark Inc. increased 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 buying an additional 1,378,094 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in 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 worth $117,620,000 after buying an additional 52,479 shares during the last quarter.

iShares TIPS Bond ETF Stock Down 0.1 %

TIP opened at $109.86 on Thursday. iShares TIPS Bond ETF has a twelve month low of $104.67 and a twelve month high of $111.06. The company’s 50-day moving average price is $108.86 and its two-hundred day moving average price is $108.57. The stock has a market cap of $14.30 billion, a price-to-earnings ratio of 12.32 and a beta of 0.28.

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).