SVB Wealth LLC Sells 11,728 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

SVB Wealth LLC lessened its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 69.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,188 shares of the exchange traded fund’s stock after selling 11,728 shares during the period. SVB Wealth LLC’s holdings in iShares TIPS Bond ETF were worth $557,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TIP. Colony Family Offices LLC lifted its stake in shares of iShares TIPS Bond ETF by 5.4% in the 1st quarter. Colony Family Offices LLC now owns 1,906 shares of the exchange traded fund’s stock valued at $205,000 after purchasing an additional 97 shares during the period. Clear Investment Research LLC lifted its stake in shares of iShares TIPS Bond ETF by 2.0% in the 4th quarter. Clear Investment Research LLC now owns 5,302 shares of the exchange traded fund’s stock valued at $570,000 after purchasing an additional 103 shares during the period. Archer Investment Corp lifted its stake in shares of iShares TIPS Bond ETF by 10.1% in the 4th quarter. Archer Investment Corp now owns 1,268 shares of the exchange traded fund’s stock valued at $136,000 after purchasing an additional 116 shares during the period. Principal Financial Group Inc. lifted its stake in shares of iShares TIPS Bond ETF by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 13,577 shares of the exchange traded fund’s stock valued at $1,458,000 after purchasing an additional 117 shares during the period. Finally, Graypoint LLC lifted its stake in shares of iShares TIPS Bond ETF by 1.3% in the 1st quarter. Graypoint LLC now owns 9,170 shares of the exchange traded fund’s stock valued at $985,000 after purchasing an additional 120 shares during the period.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP traded up $0.11 during midday trading on Monday, reaching $107.51. The company’s stock had a trading volume of 973,281 shares, compared to its average volume of 2,020,900. The firm has a market capitalization of $18.65 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The firm has a 50 day moving average price of $106.82 and a two-hundred day moving average price of $106.64. iShares TIPS Bond ETF has a fifty-two week low of $101.74 and a fifty-two week high of $108.54.

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).