LPL Financial LLC Has $138.52 Million Holdings in iShares TIPS Bond ETF $TIP

LPL Financial LLC lessened its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,260,278 shares of the exchange traded fund’s stock after selling 22,949 shares during the period. LPL Financial LLC owned 1.01% of iShares TIPS Bond ETF worth $138,517,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Bank of America Corp DE lifted its holdings in shares of iShares TIPS Bond ETF by 32.3% during the third quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock worth $1,908,042,000 after purchasing an additional 4,189,926 shares during the period. Valpey Financial Services LLC lifted its holdings in shares of iShares TIPS Bond ETF by 10,997.3% during the fourth quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock worth $266,969,000 after purchasing an additional 2,407,090 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of iShares TIPS Bond ETF during the fourth quarter worth $187,000. Sumitomo Life Insurance Co. lifted its holdings in shares of iShares TIPS Bond ETF by 44.3% during the third quarter. Sumitomo Life Insurance Co. now owns 1,471,634 shares of the exchange traded fund’s stock worth $163,675,000 after purchasing an additional 451,450 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of iShares TIPS Bond ETF by 43.0% during the second quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock worth $152,991,000 after purchasing an additional 417,901 shares during the period. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP opened at $109.21 on Thursday. The firm has a market cap of $14.45 billion, a PE ratio of 12.40 and a beta of 0.26. The firm’s fifty day moving average is $110.80 and its 200-day moving average is $110.67. iShares TIPS Bond ETF has a 52 week low of $108.18 and a 52 week high of $112.26.

iShares TIPS Bond ETF Company 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). 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.