iShares TIPS Bond ETF $TIP Shares Sold by Dakota Wealth Management

Dakota Wealth Management trimmed its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,238 shares of the exchange traded fund’s stock after selling 21,343 shares during the quarter. Dakota Wealth Management owned about 0.20% of iShares TIPS Bond ETF worth $28,721,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TIP. Bank of America Corp DE boosted its position in iShares TIPS Bond ETF by 11.0% during the 2nd quarter. Bank of America Corp DE now owns 12,965,639 shares of the exchange traded fund’s stock worth $1,426,739,000 after acquiring an additional 1,281,679 shares during the period. Hsbc Holdings PLC raised its stake in shares of iShares TIPS Bond ETF by 4,627.6% during the second quarter. Hsbc Holdings PLC now owns 2,910,259 shares of the exchange traded fund’s stock valued at $320,274,000 after purchasing an additional 2,848,700 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of iShares TIPS Bond ETF by 0.9% during the second quarter. Envestnet Asset Management Inc. now owns 2,180,866 shares of the exchange traded fund’s stock valued at $239,964,000 after purchasing an additional 19,125 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in iShares TIPS Bond ETF by 43.0% in the second quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock worth $152,991,000 after purchasing an additional 417,901 shares during the period. Finally, Assetmark Inc. grew its position in iShares TIPS Bond ETF by 4.1% in the 2nd quarter. Assetmark Inc. now owns 1,304,696 shares of the exchange traded fund’s stock valued at $143,569,000 after buying an additional 50,824 shares in the last quarter. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Trading Up 0.1%

iShares TIPS Bond ETF stock opened at $111.29 on Tuesday. iShares TIPS Bond ETF has a 52 week low of $106.47 and a 52 week high of $112.26. The stock has a market cap of $13.94 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The company’s 50-day moving average price is $110.39 and its two-hundred day moving average price is $110.83.

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.