Rathbones Group PLC Reduces Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Rathbones Group PLC lessened its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 14.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 68,445 shares of the exchange traded fund’s stock after selling 11,814 shares during the period. Rathbones Group PLC’s holdings in iShares TIPS Bond ETF were worth $7,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in TIP. FMR LLC lifted 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 buying an additional 739,540 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 worth $318,257,000 after buying an additional 51,713 shares in the last quarter. Rock Creek Group LP grew its stake in shares of iShares TIPS Bond ETF by 0.7% during 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 purchasing an additional 18,908 shares during the last quarter. Sumitomo Life Insurance Co. lifted 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 valued at $155,749,000 after buying an additional 536,610 shares during the period. Finally, Assetmark Inc. grew 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 valued at $154,764,000 after purchasing an additional 1,378,094 shares during the period.

iShares TIPS Bond ETF Stock Down 1.2 %

Shares of TIP stock opened at $109.27 on Tuesday. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.51. The company’s fifty day simple moving average is $109.36 and its 200-day simple moving average is $108.56. The firm has a market cap of $14.33 billion, a PE ratio of 12.43 and a beta of 0.29.

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).