Valley Brook Capital Group Inc. Trims Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Valley Brook Capital Group Inc. lessened its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 20.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,000 shares of the exchange traded fund’s stock after selling 500 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in iShares TIPS Bond ETF were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of 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 purchasing an additional 835,933 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in iShares TIPS Bond ETF by 179.2% during the third quarter. Envestnet Asset Management Inc. now owns 5,036,259 shares of the exchange traded fund’s stock valued at $522,361,000 after buying an additional 3,232,628 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in iShares TIPS Bond ETF by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,716,680 shares of the exchange traded fund’s stock worth $385,494,000 after acquiring an additional 148,842 shares in the last quarter. Rock Creek Group LP grew its stake in shares of iShares TIPS Bond ETF by 1,992.9% in the third quarter. Rock Creek Group LP now owns 2,756,361 shares of the exchange traded fund’s stock worth $285,890,000 after acquiring an additional 2,624,661 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of iShares TIPS Bond ETF by 37.7% in the third quarter. LPL Financial LLC now owns 2,155,028 shares of the exchange traded fund’s stock worth $223,520,000 after acquiring an additional 589,881 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of TIP traded up $0.54 during trading hours on Friday, hitting $105.93. The company had a trading volume of 2,388,261 shares, compared to its average volume of 2,200,094. The stock has a market capitalization of $18.38 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The firm has a fifty day moving average price of $106.48 and a 200-day moving average price of $106.04. iShares TIPS Bond ETF has a 52-week low of $101.74 and a 52-week high of $110.47.

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).