OneAscent Financial Services LLC Decreases Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

OneAscent Financial Services LLC cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 8.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 17,487 shares of the exchange traded fund’s stock after selling 1,572 shares during the quarter. OneAscent Financial Services LLC’s holdings in iShares TIPS Bond ETF were worth $1,878,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in 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 purchasing an additional 835,933 shares during the last quarter. Evoke Wealth LLC raised its stake in shares of iShares TIPS Bond ETF by 181.8% during the 4th quarter. Evoke Wealth LLC now owns 1,246,137 shares of the exchange traded fund’s stock worth $133,947,000 after buying an additional 803,988 shares during the last quarter. Sumitomo Life Insurance Co. purchased a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth about $67,988,000. 3EDGE Asset Management LP acquired a new stake in iShares TIPS Bond ETF in the 4th quarter valued at about $63,005,000. Finally, International Assets Investment Management LLC increased its holdings in iShares TIPS Bond ETF by 7,161.8% during the 4th quarter. International Assets Investment Management LLC now owns 548,047 shares of the exchange traded fund’s stock valued at $58,910,000 after acquiring an additional 540,500 shares in the last quarter.

iShares TIPS Bond ETF Price Performance

TIP traded down $0.33 during midday trading on Friday, reaching $106.78. 1,960,867 shares of the company’s stock were exchanged, compared to its average volume of 2,071,159. iShares TIPS Bond ETF has a 1-year low of $101.74 and a 1-year high of $108.54. The stock has a market capitalization of $18.53 billion, a PE ratio of 11.86 and a beta of 0.09. The business’s 50-day moving average price is $106.38 and its 200 day moving average price is $106.68.

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).