LPL Financial LLC Cuts Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

LPL Financial LLC cut its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 25.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,051,419 shares of the exchange traded fund’s stock after selling 350,968 shares during the quarter. LPL Financial LLC owned approximately 0.61% of iShares TIPS Bond ETF worth $116,150,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. William B. Walkup & Associates Inc. purchased a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter valued at approximately $26,000. Private Ocean LLC increased its holdings in iShares TIPS Bond ETF by 66.7% in the second quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 116 shares during the last quarter. Eastern Bank acquired a new stake in iShares TIPS Bond ETF in the third quarter valued at $37,000. Gradient Investments LLC increased its holdings in shares of iShares TIPS Bond ETF by 352.7% in the 2nd quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 261 shares during the last quarter. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter worth about $40,000.

iShares TIPS Bond ETF Stock Up 0.1 %

TIP stock opened at $107.77 on Friday. The business has a 50 day moving average price of $109.04 and a 200 day moving average price of $108.07. The stock has a market cap of $18.70 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a fifty-two week low of $104.19 and a fifty-two week high of $111.06.

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).