Rathbones Group PLC Trims Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Rathbones Group PLC lowered its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 14.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 SEC filing.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in iShares TIPS Bond ETF by 1.8% in 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 in the last quarter. Sterling Financial Planning Inc. boosted its position in shares of iShares TIPS Bond ETF by 70.6% during the 4th quarter. Sterling Financial Planning Inc. now owns 25,000 shares of the exchange traded fund’s stock worth $2,664,000 after purchasing an additional 10,345 shares during the period. Merit Financial Group LLC lifted its position in shares of iShares TIPS Bond ETF by 167.4% during the fourth quarter. Merit Financial Group LLC now owns 5,084 shares of the exchange traded fund’s stock worth $542,000 after purchasing an additional 3,183 shares in the last quarter. M&T Bank Corp boosted its holdings in iShares TIPS Bond ETF by 7.1% in the fourth quarter. M&T Bank Corp now owns 44,934 shares of the exchange traded fund’s stock valued at $4,788,000 after purchasing an additional 2,993 shares during the period. Finally, Hughes Financial Services LLC acquired a new stake in iShares TIPS Bond ETF in the fourth quarter valued at approximately $2,314,000.

iShares TIPS Bond ETF Stock Performance

TIP opened at $109.27 on Tuesday. The company has a market cap of $14.33 billion, a P/E ratio of 12.43 and a beta of 0.29. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.51. The business’s 50-day simple moving average is $109.36 and its 200-day simple moving average is $108.56.

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).