iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC lowered its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,124 shares of the exchange traded fund’s stock after selling 2,756 shares during the quarter. Larson Financial Group LLC’s holdings in iShares TIPS Bond ETF were worth $2,357,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TIP. FMR LLC increased its stake in shares of iShares TIPS Bond ETF by 106.7% in 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. Assetmark Inc. increased its stake in shares of 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 during the period. Sumitomo Life Insurance Co. boosted its holdings in iShares TIPS Bond ETF by 58.0% during 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 buying an additional 536,610 shares in the last quarter. Dynasty Wealth Management LLC purchased a new stake in iShares TIPS Bond ETF during the fourth quarter worth $42,463,000. Finally, Raymond James Financial Inc. purchased a new stake in iShares TIPS Bond ETF during the fourth quarter worth $37,033,000.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $109.46 on Friday. The company’s fifty day moving average price is $108.01 and its 200 day moving average price is $108.51. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.06. The company has a market capitalization of $14.01 billion, a PE ratio of 12.25 and a beta of 0.26.

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).