International Assets Investment Management LLC Reduces Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

International Assets Investment Management LLC reduced its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 99.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,227 shares of the exchange traded fund’s stock after selling 398,804 shares during the period. International Assets Investment Management LLC’s holdings in iShares TIPS Bond ETF were worth $344,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TIP. FC Advisory LLC increased its stake in iShares TIPS Bond ETF by 2.0% during the fourth quarter. FC Advisory LLC now owns 5,511 shares of the exchange traded fund’s stock valued at $587,000 after purchasing an additional 110 shares during the last quarter. Horizons Wealth Management boosted its holdings in shares of iShares TIPS Bond ETF by 3.5% in the 4th quarter. Horizons Wealth Management now owns 53,673 shares of the exchange traded fund’s stock valued at $5,719,000 after buying an additional 1,801 shares during the period. Insight Wealth Strategies LLC grew its position in shares of iShares TIPS Bond ETF by 2.5% during the 4th quarter. Insight Wealth Strategies LLC now owns 85,283 shares of the exchange traded fund’s stock valued at $9,087,000 after buying an additional 2,108 shares during the last quarter. JPMorgan Chase & Co. raised its stake in 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 worth $318,257,000 after acquiring an additional 51,713 shares during the period. Finally, Capasso Planning Partners LLC bought a new position in iShares TIPS Bond ETF in the third quarter worth about $347,000.

iShares TIPS Bond ETF Price Performance

NYSEARCA:TIP opened at $106.22 on Friday. The firm has a market capitalization of $18.43 billion, a P/E ratio of 11.86 and a beta of 0.09. The business has a 50 day simple moving average of $107.55 and a 200 day simple moving average of $108.29. iShares TIPS Bond ETF has a 12-month low of $104.67 and a 12-month 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).