Sound Stewardship LLC Increases Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Sound Stewardship LLC increased its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,247 shares of the exchange traded fund’s stock after purchasing an additional 830 shares during the period. iShares TIPS Bond ETF accounts for about 3.1% of Sound Stewardship LLC’s holdings, making the stock its 13th biggest holding. Sound Stewardship LLC’s holdings in iShares TIPS Bond ETF were worth $5,471,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TIP. FMR LLC boosted its stake in shares of iShares TIPS Bond ETF by 10.6% in the 4th quarter. FMR LLC now owns 7,729,985 shares of the exchange traded fund’s stock valued at $823,630,000 after buying an additional 739,540 shares during the period. Rock Creek Group LP raised its holdings in iShares TIPS Bond ETF by 0.7% in the fourth quarter. Rock Creek Group LP now owns 2,764,310 shares of the exchange traded fund’s stock valued at $294,537,000 after acquiring an additional 18,908 shares in the last quarter. Assetmark Inc. lifted its stake in iShares TIPS Bond ETF by 1,852.1% in the fourth quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock worth $154,764,000 after acquiring an additional 1,378,094 shares during the last quarter. LPL Financial LLC grew its holdings in iShares TIPS Bond ETF by 5.0% during the 4th quarter. LPL Financial LLC now owns 1,103,898 shares of the exchange traded fund’s stock worth $117,620,000 after acquiring an additional 52,479 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of iShares TIPS Bond ETF by 3,416.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,044,440 shares of the exchange traded fund’s stock valued at $111,285,000 after purchasing an additional 1,014,735 shares during the last quarter.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA TIP opened at $108.76 on Friday. The business has a 50-day moving average of $108.88 and a two-hundred day moving average of $108.56. The company has a market capitalization of $13.85 billion, a price-to-earnings ratio of 12.40 and a beta of 0.28. iShares TIPS Bond ETF has a 1 year low of $105.85 and a 1 year high of $111.51.

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).