SVB Wealth LLC Takes Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

SVB Wealth LLC bought a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,053 shares of the exchange traded fund’s stock, valued at approximately $219,000.

Other institutional investors have also made changes to their positions in the company. FMR LLC grew its stake in iShares TIPS Bond ETF by 106.7% in the 3rd quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock valued at $772,234,000 after buying an additional 3,608,542 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares TIPS Bond ETF by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock valued at $318,257,000 after purchasing an additional 51,713 shares during the last quarter. Sumitomo Life Insurance Co. increased its stake in shares of iShares TIPS Bond ETF by 58.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock worth $155,749,000 after purchasing an additional 536,610 shares during the period. Baldwin Wealth Partners LLC MA lifted its holdings in iShares TIPS Bond ETF by 52.6% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 429,183 shares of the exchange traded fund’s stock worth $45,729,000 after purchasing an additional 147,849 shares during the last quarter. Finally, Dynasty Wealth Management LLC bought a new stake in iShares TIPS Bond ETF in the 4th quarter valued at $42,463,000.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA TIP opened at $109.69 on Thursday. The firm has a market cap of $14.04 billion, a price-to-earnings ratio of 12.25 and a beta of 0.26. The stock’s fifty day moving average price is $107.89 and its two-hundred day moving average price is $108.50. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.06.

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).