Kestra Private Wealth Services LLC Cuts Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Kestra Private Wealth Services LLC cut its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 40.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,117 shares of the exchange traded fund’s stock after selling 7,679 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in iShares TIPS Bond ETF were worth $1,195,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TIP. JPMorgan Chase & Co. increased its position in iShares TIPS Bond ETF by 17.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,577,654 shares of the exchange traded fund’s stock valued at $578,524,000 after buying an additional 835,933 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in iShares TIPS Bond ETF by 179.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,036,259 shares of the exchange traded fund’s stock worth $522,361,000 after purchasing an additional 3,232,628 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in iShares TIPS Bond ETF by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,716,680 shares of the exchange traded fund’s stock worth $385,494,000 after purchasing an additional 148,842 shares during the last quarter. Rock Creek Group LP increased its stake in iShares TIPS Bond ETF by 1,992.9% during the 3rd quarter. Rock Creek Group LP now owns 2,756,361 shares of the exchange traded fund’s stock valued at $285,890,000 after purchasing an additional 2,624,661 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of iShares TIPS Bond ETF by 37.7% in the third quarter. LPL Financial LLC now owns 2,155,028 shares of the exchange traded fund’s stock worth $223,520,000 after buying an additional 589,881 shares during the last quarter.

iShares TIPS Bond ETF Trading Up 0.5 %

NYSEARCA:TIP opened at $105.93 on Friday. The firm has a fifty day simple moving average of $106.48 and a 200-day simple moving average of $105.98. iShares TIPS Bond ETF has a 12 month low of $101.74 and a 12 month high of $110.47. The company has a market capitalization of $18.38 billion, a P/E ratio of 11.86 and a beta of 0.09.

About iShares TIPS Bond ETF

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).