SVB Wealth LLC Reduces Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

SVB Wealth LLC decreased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,916 shares of the exchange traded fund’s stock after selling 225 shares during the quarter. SVB Wealth LLC’s holdings in iShares TIPS Bond ETF were worth $1,818,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TIP. JPMorgan Chase & Co. lifted its position in iShares TIPS Bond ETF by 17.6% in the third 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 during the last quarter. Envestnet Asset Management Inc. lifted its position in iShares TIPS Bond ETF by 179.2% in the third 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its position in iShares TIPS Bond ETF by 4.2% in the third 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 lifted its position in iShares TIPS Bond ETF by 1,992.9% in the third 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 during the last quarter. Finally, LPL Financial LLC lifted its position in iShares TIPS Bond ETF by 37.7% in the third quarter. LPL Financial LLC now owns 2,155,028 shares of the exchange traded fund’s stock valued at $223,520,000 after buying an additional 589,881 shares during the last quarter.

iShares TIPS Bond ETF Price Performance

NYSEARCA TIP opened at $105.77 on Thursday. The firm’s 50-day moving average is $106.60 and its two-hundred day 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. The stock has a market capitalization of $18.57 billion, a P/E ratio of 11.92 and a beta of 0.09.

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).