Rathbones Group PLC Sells 4,588 Shares of iShares TIPS Bond ETF $TIP

Rathbones Group PLC lessened its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,786 shares of the exchange traded fund’s stock after selling 4,588 shares during the quarter. Rathbones Group PLC’s holdings in iShares TIPS Bond ETF were worth $6,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Park Avenue Securities LLC grew its stake in shares of iShares TIPS Bond ETF by 339.0% during the 4th quarter. Park Avenue Securities LLC now owns 27,677 shares of the exchange traded fund’s stock worth $3,042,000 after acquiring an additional 21,372 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in shares of iShares TIPS Bond ETF during the 3rd quarter worth $834,000. Bank of America Corp DE grew its stake in shares of iShares TIPS Bond ETF by 32.3% during the 3rd 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 acquiring an additional 4,189,926 shares during the period. Keybank National Association OH grew its stake in shares of iShares TIPS Bond ETF by 3.0% during the 4th quarter. Keybank National Association OH now owns 635,191 shares of the exchange traded fund’s stock worth $69,814,000 after acquiring an additional 18,437 shares during the period. Finally, Envision Financial LLC grew its stake in shares of iShares TIPS Bond ETF by 200.0% during the 4th quarter. Envision Financial LLC now owns 9,000 shares of the exchange traded fund’s stock worth $989,000 after acquiring an additional 6,000 shares during the period. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $110.37 on Friday. The company has a market capitalization of $14.60 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a fifty-two week low of $107.98 and a fifty-two week high of $112.26. The stock has a fifty day moving average of $110.93 and a 200-day moving average of $110.75.

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.