iShares TIPS Bond ETF (NYSEARCA:TIP) Stock Position Decreased by M&T Bank Corp

M&T Bank Corp cut its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 15.7% in the fourth quarter, Holdings Channel reports. The firm owned 65,427 shares of the exchange traded fund’s stock after selling 12,212 shares during the period. M&T Bank Corp’s holdings in iShares TIPS Bond ETF were worth $7,033,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TIP. JPMorgan Chase & Co. raised its stake in shares of iShares TIPS Bond ETF by 17.6% in 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 acquiring an additional 835,933 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of 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 valued at $522,361,000 after acquiring an additional 3,232,628 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in iShares TIPS Bond ETF by 4.2% in 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 during the last quarter. Rock Creek Group LP grew its holdings in shares of 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 worth $285,890,000 after purchasing an additional 2,624,661 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in shares of 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 worth $223,520,000 after purchasing an additional 589,881 shares in the last quarter.

iShares TIPS Bond ETF Price Performance

iShares TIPS Bond ETF stock opened at $105.93 on Monday. The business has a 50 day simple moving average of $106.48 and a 200 day simple moving average of $106.04. iShares TIPS Bond ETF has a one year low of $101.74 and a one year high of $110.47. The company has a market capitalization of $18.38 billion, a PE ratio of 11.86 and a beta of 0.09.

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).