Keystone Financial Services Trims Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Keystone Financial Services reduced its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIPGet Rating) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,831 shares of the exchange traded fund’s stock after selling 299 shares during the quarter. iShares TIPS Bond ETF accounts for 2.4% of Keystone Financial Services’ holdings, making the stock its 11th largest position. Keystone Financial Services’ holdings in iShares TIPS Bond ETF were worth $4,100,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of iShares TIPS Bond ETF by 40.5% in the fourth quarter. JPMorgan Chase & Co. now owns 9,302,098 shares of the exchange traded fund’s stock valued at $1,201,830,000 after buying an additional 2,683,615 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of iShares TIPS Bond ETF during the fourth quarter worth approximately $598,196,000. LPL Financial LLC increased its position in shares of iShares TIPS Bond ETF by 31.0% during the fourth quarter. LPL Financial LLC now owns 4,598,385 shares of the exchange traded fund’s stock worth $594,111,000 after purchasing an additional 1,087,593 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of iShares TIPS Bond ETF by 10.5% during the fourth quarter. Wells Fargo & Company MN now owns 3,496,646 shares of the exchange traded fund’s stock worth $451,767,000 after purchasing an additional 332,568 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of iShares TIPS Bond ETF by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,345,680 shares of the exchange traded fund’s stock worth $432,226,000 after purchasing an additional 114,630 shares in the last quarter.

iShares TIPS Bond ETF Stock Down 0.3 %

Shares of TIP traded down $0.33 during trading hours on Wednesday, hitting $115.07. 88,505 shares of the stock were exchanged, compared to its average volume of 5,621,841. iShares TIPS Bond ETF has a 12-month low of $113.01 and a 12-month high of $131.37. The stock’s 50-day moving average price is $115.19 and its two-hundred day moving average price is $120.01.

About iShares TIPS Bond ETF

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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).

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Institutional Ownership by Quarter for iShares TIPS Bond ETF (NYSEARCA:TIP)

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