Sequoia Financial Advisors LLC Has $339,000 Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Sequoia Financial Advisors LLC reduced its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 37.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,155 shares of the exchange traded fund’s stock after selling 1,885 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $339,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TIP. Envestnet Asset Management Inc. lifted its stake in iShares TIPS Bond ETF by 179.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,036,259 shares of the exchange traded fund’s stock valued at $522,361,000 after acquiring an additional 3,232,628 shares in the last quarter. Rock Creek Group LP raised its stake in shares of iShares TIPS Bond ETF by 1,992.9% during the 3rd quarter. Rock Creek Group LP now owns 2,756,361 shares of the exchange traded fund’s stock worth $285,890,000 after purchasing an additional 2,624,661 shares in the last quarter. Assetmark Inc. raised its stake in shares of iShares TIPS Bond ETF by 1,511.5% during the 3rd quarter. Assetmark Inc. now owns 2,121,402 shares of the exchange traded fund’s stock worth $220,032,000 after purchasing an additional 1,989,759 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in shares of iShares TIPS Bond ETF by 1,655.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,007,239 shares of the exchange traded fund’s stock worth $104,471,000 after purchasing an additional 949,872 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of iShares TIPS Bond ETF by 17.6% during the 3rd 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 in the last quarter.

iShares TIPS Bond ETF Stock Down 0.1 %

Shares of iShares TIPS Bond ETF stock opened at $105.62 on Friday. iShares TIPS Bond ETF has a 12-month low of $101.74 and a 12-month high of $110.88. The stock has a market cap of $18.55 billion, a P/E ratio of 11.92 and a beta of 0.09. The business’s 50 day moving average is $106.58 and its 200-day moving average is $105.79.

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).