Charles Schwab Trust Co Decreases Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Charles Schwab Trust Co cut its holdings in iShares TIPS Bond ETF (NYSEARCA:TIPFree Report) by 1.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,105 shares of the exchange traded fund’s stock after selling 1,593 shares during the quarter. iShares TIPS Bond ETF accounts for 1.2% of Charles Schwab Trust Co’s portfolio, making the stock its 23rd biggest holding. Charles Schwab Trust Co’s holdings in iShares TIPS Bond ETF were worth $12,256,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TIP. Qube Research & Technologies Ltd boosted its position in iShares TIPS Bond ETF by 1,655.8% during the third quarter. Qube Research & Technologies Ltd now owns 1,007,239 shares of the exchange traded fund’s stock worth $104,471,000 after purchasing an additional 949,872 shares in the last quarter. JPMorgan Chase & Co. boosted its position in iShares TIPS Bond ETF by 17.6% during the third quarter. JPMorgan Chase & Co. now owns 5,577,654 shares of the exchange traded fund’s stock worth $578,524,000 after purchasing an additional 835,933 shares in the last quarter. Evoke Wealth LLC boosted its position in iShares TIPS Bond ETF by 181.8% during the fourth quarter. Evoke Wealth LLC now owns 1,246,137 shares of the exchange traded fund’s stock worth $133,947,000 after purchasing an additional 803,988 shares in the last quarter. Sumitomo Life Insurance Co. purchased a new stake in iShares TIPS Bond ETF during the fourth quarter worth $67,988,000. Finally, 3EDGE Asset Management LP purchased a new stake in iShares TIPS Bond ETF during the fourth quarter worth $63,005,000.

iShares TIPS Bond ETF Price Performance

TIP traded down $0.03 during trading on Tuesday, reaching $107.07. 185,732 shares of the stock were exchanged, compared to its average volume of 2,066,594. The business’s 50 day moving average price is $106.27 and its two-hundred day moving average price is $106.65. The company has a market capitalization of $18.58 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1 year low of $101.74 and a 1 year high of $108.54.

About iShares TIPS Bond ETF

(Free Report)

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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