Net Worth Advisory Group Reduces Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Net Worth Advisory Group decreased its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,340 shares of the exchange traded fund’s stock after selling 1,031 shares during the quarter. iShares TIPS Bond ETF comprises about 3.5% of Net Worth Advisory Group’s portfolio, making the stock its 2nd biggest position. Net Worth Advisory Group’s holdings in iShares TIPS Bond ETF were worth $11,437,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TIP. FMR LLC boosted its position in shares of iShares TIPS Bond ETF by 106.7% in the 3rd quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock worth $772,234,000 after purchasing an additional 3,608,542 shares in the last quarter. Assetmark Inc. boosted its position in shares of iShares TIPS Bond ETF by 1,852.1% in the 4th quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock worth $154,764,000 after purchasing an additional 1,378,094 shares in the last quarter. Sumitomo Life Insurance Co. boosted its position in shares of iShares TIPS Bond ETF by 58.0% in the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock worth $155,749,000 after purchasing an additional 536,610 shares in the last quarter. Dynasty Wealth Management LLC acquired a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth $42,463,000. Finally, Raymond James Financial Inc. purchased a new position in iShares TIPS Bond ETF in the 4th quarter worth $37,033,000.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $109.95 on Tuesday. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of 12.25 and a beta of 0.26. The business has a fifty day moving average of $108.08 and a 200 day moving average of $108.52. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.06.

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).