Stephenson & Company Inc. Increases Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Stephenson & Company Inc. raised its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 6.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 30,300 shares of the exchange traded fund’s stock after acquiring an additional 1,835 shares during the quarter. iShares TIPS Bond ETF comprises approximately 2.2% of Stephenson & Company Inc.’s holdings, making the stock its 11th biggest position. Stephenson & Company Inc.’s holdings in iShares TIPS Bond ETF were worth $3,228,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of iShares TIPS Bond ETF by 106.7% in the third quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock valued at $772,234,000 after purchasing an additional 3,608,542 shares during the period. JPMorgan Chase & Co. grew its stake in iShares TIPS Bond ETF by 1.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock valued at $318,257,000 after buying an additional 51,713 shares in the last quarter. Sumitomo Life Insurance Co. raised its holdings in iShares TIPS Bond ETF by 58.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock valued at $155,749,000 after acquiring an additional 536,610 shares during the period. Baldwin Wealth Partners LLC MA lifted its position in shares of iShares TIPS Bond ETF by 52.6% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 429,183 shares of the exchange traded fund’s stock worth $45,729,000 after acquiring an additional 147,849 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of iShares TIPS Bond ETF by 10,652.4% in the third quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock worth $44,412,000 after acquiring an additional 398,292 shares during the period.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $108.01 on Friday. The business’s fifty day moving average is $107.39 and its 200 day moving average is $108.32. The firm has a market cap of $18.74 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week 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).