iShares TIPS Bond ETF (NYSEARCA:TIP) Stock Holdings Lowered by Kovack Advisors Inc.

Kovack Advisors Inc. trimmed its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,534 shares of the exchange traded fund’s stock after selling 554 shares during the period. Kovack Advisors Inc.’s holdings in iShares TIPS Bond ETF were worth $1,561,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in iShares TIPS Bond ETF by 17.6% during the third quarter. JPMorgan Chase & Co. now owns 5,577,654 shares of the exchange traded fund’s stock valued at $578,524,000 after buying an additional 835,933 shares in the last quarter. Evoke Wealth LLC raised its holdings in shares of iShares TIPS Bond ETF by 181.8% during the fourth quarter. Evoke Wealth LLC now owns 1,246,137 shares of the exchange traded fund’s stock valued at $133,947,000 after acquiring an additional 803,988 shares during the period. Sumitomo Life Insurance Co. purchased a new stake in shares of iShares TIPS Bond ETF in the 4th quarter valued at approximately $67,988,000. 3EDGE Asset Management LP acquired a new position in iShares TIPS Bond ETF in the 4th quarter worth approximately $63,005,000. Finally, International Assets Investment Management LLC boosted its stake in iShares TIPS Bond ETF by 7,161.8% in the 4th quarter. International Assets Investment Management LLC now owns 548,047 shares of the exchange traded fund’s stock worth $58,910,000 after purchasing an additional 540,500 shares during the period.

iShares TIPS Bond ETF Stock Up 0.4 %

Shares of NYSEARCA:TIP opened at $106.54 on Friday. The company’s fifty day moving average is $106.41 and its two-hundred day moving average is $106.67. The company has a market cap of $18.48 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12-month low of $101.74 and a 12-month high of $108.54.

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).