Franklin Resources Inc. Lowers Stock Position in iShares TIPS Bond ETF $TIP

Franklin Resources Inc. reduced its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,124 shares of the exchange traded fund’s stock after selling 1,392 shares during the quarter. Franklin Resources Inc.’s holdings in iShares TIPS Bond ETF were worth $4,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in 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 worth $239,964,000 after acquiring an additional 19,125 shares during the last quarter. Assetmark Inc. grew its holdings in shares of iShares TIPS Bond ETF by 4.1% during the 2nd quarter. Assetmark Inc. now owns 1,304,696 shares of the exchange traded fund’s stock worth $143,569,000 after purchasing an additional 50,824 shares during the period. JPMorgan Chase & Co. increased its position in iShares TIPS Bond ETF by 9.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,030,196 shares of the exchange traded fund’s stock worth $113,363,000 after purchasing an additional 90,809 shares in the last quarter. Partners Capital Investment Group LLP increased its position in iShares TIPS Bond ETF by 80.5% during the 1st quarter. Partners Capital Investment Group LLP now owns 1,023,999 shares of the exchange traded fund’s stock worth $113,756,000 after purchasing an additional 456,633 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in iShares TIPS Bond ETF by 45.0% in the first quarter. Ameriprise Financial Inc. now owns 971,032 shares of the exchange traded fund’s stock valued at $108,387,000 after buying an additional 301,463 shares during the period. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.7%

Shares of TIP stock opened at $110.50 on Tuesday. iShares TIPS Bond ETF has a fifty-two week low of $106.04 and a fifty-two week high of $112.26. The firm’s 50 day moving average price is $111.28 and its two-hundred day moving average price is $110.36. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

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).