Peregrine Asset Advisers Inc. Trims Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Peregrine Asset Advisers Inc. cut its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 9.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,966 shares of the exchange traded fund’s stock after selling 1,211 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in iShares TIPS Bond ETF were worth $1,179,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in iShares TIPS Bond ETF by 179.2% during the third quarter. Envestnet Asset Management Inc. now owns 5,036,259 shares of the exchange traded fund’s stock worth $522,361,000 after buying an additional 3,232,628 shares during the period. Rock Creek Group LP increased its holdings in iShares TIPS Bond ETF by 1,992.9% in 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 purchasing an additional 2,624,661 shares during the last quarter. Assetmark Inc. raised its position in iShares TIPS Bond ETF by 1,511.5% in the third quarter. Assetmark Inc. now owns 2,121,402 shares of the exchange traded fund’s stock valued at $220,032,000 after purchasing an additional 1,989,759 shares during the period. Qube Research & Technologies Ltd lifted its stake in iShares TIPS Bond ETF by 1,655.8% during the third quarter. Qube Research & Technologies Ltd now owns 1,007,239 shares of the exchange traded fund’s stock worth $104,471,000 after purchasing an additional 949,872 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of iShares TIPS Bond ETF by 17.6% during the third quarter. JPMorgan Chase & Co. now owns 5,577,654 shares of the exchange traded fund’s stock worth $578,524,000 after buying an additional 835,933 shares during the period.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock traded up $0.05 on Monday, hitting $105.98. The stock had a trading volume of 1,027,390 shares, compared to its average volume of 2,186,614. The company’s 50 day moving average price is $106.47 and its 200-day moving average price is $106.07. iShares TIPS Bond ETF has a 1 year low of $101.74 and a 1 year high of $109.99. The firm has a market capitalization of $18.39 billion, a P/E ratio of 11.86 and a beta of 0.09.

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).