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

LPL Financial LLC decreased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,260,278 shares of the exchange traded fund’s stock after selling 22,949 shares during the period. LPL Financial LLC’s holdings in iShares TIPS Bond ETF were worth $138,517,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Rock Point Advisors LLC lifted its holdings in iShares TIPS Bond ETF by 4.6% in the fourth quarter. Rock Point Advisors LLC now owns 2,095 shares of the exchange traded fund’s stock valued at $230,000 after buying an additional 93 shares during the period. Aspiriant LLC lifted its holdings in iShares TIPS Bond ETF by 2.2% in the fourth quarter. Aspiriant LLC now owns 4,373 shares of the exchange traded fund’s stock valued at $481,000 after buying an additional 95 shares during the period. Apollon Wealth Management LLC lifted its holdings in iShares TIPS Bond ETF by 2.3% in the fourth quarter. Apollon Wealth Management LLC now owns 4,255 shares of the exchange traded fund’s stock valued at $468,000 after buying an additional 96 shares during the period. Farrell Financial LLC lifted its holdings in iShares TIPS Bond ETF by 1.4% in the fourth quarter. Farrell Financial LLC now owns 7,119 shares of the exchange traded fund’s stock valued at $782,000 after buying an additional 98 shares during the period. Finally, Consolidated Portfolio Review Corp increased its stake in iShares TIPS Bond ETF by 2.3% in the third quarter. Consolidated Portfolio Review Corp now owns 5,204 shares of the exchange traded fund’s stock valued at $579,000 after purchasing an additional 118 shares in the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Down 0.1%

TIP opened at $109.21 on Thursday. iShares TIPS Bond ETF has a 1-year low of $108.18 and a 1-year high of $112.26. The company has a market cap of $14.45 billion, a P/E ratio of 12.40 and a beta of 0.26. The company has a fifty day moving average price of $110.80 and a two-hundred day moving average price of $110.67.

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.