Focus Financial Network Inc. Cuts Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Focus Financial Network Inc. decreased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,610 shares of the exchange traded fund’s stock after selling 409 shares during the period. Focus Financial Network Inc.’s holdings in iShares TIPS Bond ETF were worth $598,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its position in 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. raised its stake in shares of iShares TIPS Bond ETF by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock worth $318,257,000 after buying an additional 51,713 shares in the last quarter. Sumitomo Life Insurance Co. lifted its holdings in shares of iShares TIPS Bond ETF by 58.0% in 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 buying an additional 536,610 shares during the period. Baldwin Wealth Partners LLC MA boosted its stake in shares of iShares TIPS Bond ETF by 52.6% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 429,183 shares of the exchange traded fund’s stock valued at $45,729,000 after buying an additional 147,849 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in iShares TIPS Bond ETF by 10,652.4% during 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 $107.81 on Thursday. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.06. The stock has a fifty day moving average price of $107.40 and a two-hundred day moving average price of $108.40. The stock has a market capitalization of $18.71 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

iShares TIPS Bond ETF Company 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).