Evoke Wealth LLC Lowers Position in iShares TIPS Bond ETF $TIP

Evoke Wealth LLC cut its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,031,783 shares of the exchange traded fund’s stock after selling 5,733 shares during the period. iShares TIPS Bond ETF comprises about 2.1% of Evoke Wealth LLC’s investment portfolio, making the stock its 10th largest position. Evoke Wealth LLC’s holdings in iShares TIPS Bond ETF were worth $113,403,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of TIP. Brighton Jones LLC boosted its stake in iShares TIPS Bond ETF by 8.0% in the 4th quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock valued at $1,583,000 after buying an additional 1,102 shares in the last quarter. AQR Capital Management LLC acquired a new stake in iShares TIPS Bond ETF in the 1st quarter valued at $432,000. Goldman Sachs Group Inc. boosted its stake in iShares TIPS Bond ETF by 82.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock valued at $54,099,000 after buying an additional 219,598 shares in the last quarter. Brown Advisory Inc. boosted its stake in iShares TIPS Bond ETF by 5.1% in the 2nd quarter. Brown Advisory Inc. now owns 2,755 shares of the exchange traded fund’s stock valued at $303,000 after buying an additional 134 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in iShares TIPS Bond ETF by 5.3% in the 2nd quarter. NewEdge Advisors LLC now owns 33,907 shares of the exchange traded fund’s stock valued at $3,731,000 after buying an additional 1,717 shares in the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $110.38 on Friday. The stock’s fifty day simple moving average is $110.92 and its 200 day simple moving average is $110.75. The firm has a market cap of $14.60 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a one year low of $108.07 and a one year high of $112.26.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.