iShares TIPS Bond ETF (NYSEARCA:TIP) Stake Lowered by Darden Wealth Group Inc

Darden Wealth Group Inc trimmed its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 16,050 shares of the exchange traded fund’s stock after selling 278 shares during the quarter. iShares TIPS Bond ETF comprises about 1.2% of Darden Wealth Group Inc’s holdings, making the stock its 17th biggest position. Darden Wealth Group Inc’s holdings in iShares TIPS Bond ETF were worth $1,710,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. grew its position in iShares TIPS Bond ETF by 1,852.1% in the fourth quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock worth $154,764,000 after acquiring an additional 1,378,094 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in iShares TIPS Bond ETF in the fourth quarter worth $76,533,000. Sumitomo Life Insurance Co. boosted its holdings in iShares TIPS Bond ETF by 58.0% in the fourth quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock worth $155,749,000 after purchasing an additional 536,610 shares in the last quarter. Dynasty Wealth Management LLC acquired a new position in iShares TIPS Bond ETF during the fourth quarter worth $42,463,000. Finally, Raymond James Financial Inc. bought a new position in iShares TIPS Bond ETF during the fourth quarter valued at about $37,033,000.

iShares TIPS Bond ETF Stock Performance

TIP opened at $110.60 on Friday. The company has a market cap of $14.50 billion, a PE ratio of 12.43 and a beta of 0.29. The stock has a 50-day moving average of $109.33 and a 200-day moving average of $108.58. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.51.

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).