TRUE Private Wealth Advisors Sells 3,191 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

TRUE Private Wealth Advisors decreased its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 29.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,696 shares of the exchange traded fund’s stock after selling 3,191 shares during the quarter. TRUE Private Wealth Advisors’ holdings in iShares TIPS Bond ETF were worth $827,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings 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. lifted its holdings in iShares TIPS Bond ETF by 179.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,036,259 shares of the exchange traded fund’s stock valued at $522,361,000 after buying an additional 3,232,628 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 valued at $385,494,000 after buying an additional 148,842 shares in the last quarter. Rock Creek Group LP lifted its holdings 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 buying an additional 2,624,661 shares in the last quarter. Finally, LPL Financial LLC increased its position in iShares TIPS Bond ETF by 37.7% during the 3rd quarter. LPL Financial LLC now owns 2,155,028 shares of the exchange traded fund’s stock valued at $223,520,000 after purchasing an additional 589,881 shares during the period.

iShares TIPS Bond ETF Price Performance

NYSEARCA TIP traded up $0.20 during trading on Wednesday, reaching $105.55. 843,576 shares of the company’s stock traded hands, compared to its average volume of 2,196,597. The firm has a market cap of $18.53 billion, a price-to-earnings ratio of 11.92 and a beta of 0.09. The company’s 50 day simple moving average is $106.61 and its two-hundred day simple moving average is $105.79. iShares TIPS Bond ETF has a 12-month low of $101.74 and a 12-month high of $110.88.

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).