Principal Securities Inc. Cuts Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Principal Securities Inc. reduced its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 81.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,237 shares of the exchange traded fund’s stock after selling 284,026 shares during the quarter. Principal Securities Inc.’s holdings in iShares TIPS Bond ETF were worth $6,738,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GenTrust LLC grew its holdings in iShares TIPS Bond ETF by 0.9% in the third quarter. GenTrust LLC now owns 196,162 shares of the exchange traded fund’s stock worth $21,670,000 after purchasing an additional 1,804 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of iShares TIPS Bond ETF by 10,652.4% during the third quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock valued at $44,412,000 after buying an additional 398,292 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares TIPS Bond ETF by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock valued at $318,257,000 after buying an additional 51,713 shares during the last quarter. Merit Financial Group LLC grew its holdings in shares of iShares TIPS Bond ETF by 167.4% during the fourth quarter. Merit Financial Group LLC now owns 5,084 shares of the exchange traded fund’s stock valued at $542,000 after buying an additional 3,183 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in shares of iShares TIPS Bond ETF by 17.9% during the third quarter. Citigroup Inc. now owns 143,191 shares of the exchange traded fund’s stock valued at $15,818,000 after buying an additional 21,755 shares during the last quarter.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $108.61 on Monday. The firm has a market capitalization of $18.84 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.06. The company’s fifty day moving average price is $107.37 and its 200-day moving average price is $108.41.

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).