Valued Retirements Inc. Cuts Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Valued Retirements Inc. lowered its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 20.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,724 shares of the exchange traded fund’s stock after selling 1,698 shares during the quarter. iShares TIPS Bond ETF comprises approximately 1.0% of Valued Retirements Inc.’s investment portfolio, making the stock its 29th largest holding. Valued Retirements Inc.’s holdings in iShares TIPS Bond ETF were worth $716,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC grew its holdings in 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 purchasing an additional 3,608,542 shares during the last quarter. JPMorgan Chase & Co. grew its stake in iShares TIPS Bond ETF by 1.8% during the 3rd 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 during the last quarter. Sumitomo Life Insurance Co. grew its stake in iShares TIPS Bond ETF by 58.0% during the 4th 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 during the last quarter. Assetmark Inc. grew its stake in iShares TIPS Bond ETF by 1,852.1% during the 4th quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock worth $154,764,000 after buying an additional 1,378,094 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its stake in iShares TIPS Bond ETF by 7.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 893,256 shares of the exchange traded fund’s stock worth $105,032,000 after buying an additional 58,066 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $109.42 on Monday. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.06. The firm has a market capitalization of $14.25 billion, a price-to-earnings ratio of 12.32 and a beta of 0.28. The stock’s 50-day simple moving average is $108.31 and its 200-day simple moving average is $108.52.

iShares TIPS Bond ETF 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).