Ameriprise Financial Inc. Sells 260,845 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Ameriprise Financial Inc. reduced its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 17.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,266,054 shares of the exchange traded fund’s stock after selling 260,845 shares during the quarter. Ameriprise Financial Inc. owned about 0.60% of iShares TIPS Bond ETF worth $139,730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TIP. FMR LLC raised its holdings in iShares TIPS Bond ETF by 40.7% during the 1st quarter. FMR LLC now owns 7,353,341 shares of the exchange traded fund’s stock worth $810,706,000 after purchasing an additional 2,127,591 shares during the last quarter. Evoke Wealth LLC grew its position in shares of iShares TIPS Bond ETF by 8,031.2% during the 4th quarter. Evoke Wealth LLC now owns 1,057,544 shares of the exchange traded fund’s stock worth $86,191,000 after buying an additional 1,044,538 shares during the period. Sumitomo Life Insurance Co. grew its position in shares of iShares TIPS Bond ETF by 256.5% during the 1st quarter. Sumitomo Life Insurance Co. now owns 1,309,485 shares of the exchange traded fund’s stock worth $144,371,000 after buying an additional 942,207 shares during the period. Barclays PLC grew its position in shares of iShares TIPS Bond ETF by 3,162.7% during the 4th quarter. Barclays PLC now owns 609,210 shares of the exchange traded fund’s stock worth $64,845,000 after buying an additional 590,538 shares during the period. Finally, Money Concepts Capital Corp grew its position in shares of iShares TIPS Bond ETF by 1,004.0% during the 1st quarter. Money Concepts Capital Corp now owns 617,724 shares of the exchange traded fund’s stock worth $10,076,000 after buying an additional 561,771 shares during the period.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock opened at $105.11 on Friday. iShares TIPS Bond ETF has a 1 year low of $104.57 and a 1 year high of $111.26. The business has a 50-day moving average of $106.09 and a 200-day moving average of $107.77.

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).