Assetmark Inc. Sells 191,986 Shares of iShares TIPS Bond ETF $TIP

Assetmark Inc. reduced its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 14.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,108,502 shares of the exchange traded fund’s stock after selling 191,986 shares during the quarter. Assetmark Inc. owned 0.87% of iShares TIPS Bond ETF worth $121,835,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Bank of America Corp DE increased its position in shares of iShares TIPS Bond ETF by 32.3% during the 3rd quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock valued at $1,908,042,000 after purchasing an additional 4,189,926 shares during the last quarter. Sumitomo Life Insurance Co. increased its position in shares of iShares TIPS Bond ETF by 44.3% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 1,471,634 shares of the exchange traded fund’s stock valued at $163,675,000 after purchasing an additional 451,450 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of iShares TIPS Bond ETF by 43.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock valued at $152,991,000 after purchasing an additional 417,901 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares TIPS Bond ETF by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,155,546 shares of the exchange traded fund’s stock valued at $128,520,000 after purchasing an additional 125,350 shares during the last quarter. Finally, Man Group plc increased its position in shares of iShares TIPS Bond ETF by 19.3% during the 3rd quarter. Man Group plc now owns 992,340 shares of the exchange traded fund’s stock valued at $110,368,000 after purchasing an additional 160,357 shares during the last quarter. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Trading Up 0.2%

Shares of iShares TIPS Bond ETF stock opened at $111.28 on Tuesday. The firm has a market capitalization of $14.07 billion, a PE ratio of 12.40 and a beta of 0.28. The business’s 50-day moving average price is $110.93 and its 200-day moving average price is $110.81. iShares TIPS Bond ETF has a 12 month low of $107.98 and a 12 month high of $112.26.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.