Valmark Advisers Inc. Sells 8,213 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Valmark Advisers Inc. cut its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIPGet Rating) by 63.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,770 shares of the exchange traded fund’s stock after selling 8,213 shares during the period. Valmark Advisers Inc.’s holdings in iShares TIPS Bond ETF were worth $594,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TIP. Mitsubishi UFJ Trust & Banking Corp bought a new stake in iShares TIPS Bond ETF during the fourth quarter worth $598,196,000. JPMorgan Chase & Co. lifted its stake in iShares TIPS Bond ETF by 40.5% during the fourth quarter. JPMorgan Chase & Co. now owns 9,302,098 shares of the exchange traded fund’s stock worth $1,201,830,000 after purchasing an additional 2,683,615 shares during the last quarter. SG Americas Securities LLC lifted its stake in iShares TIPS Bond ETF by 192.6% during the fourth quarter. SG Americas Securities LLC now owns 1,673,420 shares of the exchange traded fund’s stock worth $216,206,000 after purchasing an additional 1,101,442 shares during the last quarter. LPL Financial LLC lifted its stake in iShares TIPS Bond ETF by 31.0% during the fourth quarter. LPL Financial LLC now owns 4,598,385 shares of the exchange traded fund’s stock worth $594,111,000 after purchasing an additional 1,087,593 shares during the last quarter. Finally, Magnolia Wealth Management LLC lifted its stake in iShares TIPS Bond ETF by 8,421.5% during the first quarter. Magnolia Wealth Management LLC now owns 1,075,752 shares of the exchange traded fund’s stock worth $135,282,000 after purchasing an additional 1,063,128 shares during the last quarter.

iShares TIPS Bond ETF Trading Down 0.1 %

Shares of TIP opened at $115.37 on Tuesday. iShares TIPS Bond ETF has a 52 week low of $113.01 and a 52 week high of $131.37. The stock has a fifty day moving average of $115.24 and a 200-day moving average of $120.05.

iShares TIPS Bond ETF Profile

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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).

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Institutional Ownership by Quarter for iShares TIPS Bond ETF (NYSEARCA:TIP)

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