iShares TIPS Bond ETF $TIP Shares Sold by Assetmark Inc.

Assetmark Inc. cut its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.4% 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 1,081,805 shares of the exchange traded fund’s stock after selling 26,697 shares during the quarter. Assetmark Inc. owned 0.82% of iShares TIPS Bond ETF worth $119,388,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in iShares TIPS Bond ETF by 8.0% during the fourth quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock worth $1,583,000 after purchasing an additional 1,102 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of iShares TIPS Bond ETF during the 1st quarter worth $432,000. Goldman Sachs Group Inc. raised its stake in shares of iShares TIPS Bond ETF by 82.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock worth $54,099,000 after buying an additional 219,598 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of iShares TIPS Bond ETF by 5.1% during the 2nd quarter. Brown Advisory Inc. now owns 2,755 shares of the exchange traded fund’s stock worth $303,000 after buying an additional 134 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of iShares TIPS Bond ETF by 5.3% in the 2nd quarter. NewEdge Advisors LLC now owns 33,907 shares of the exchange traded fund’s stock worth $3,731,000 after buying an additional 1,717 shares in the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Down 0.1%

Shares of NYSEARCA TIP opened at $107.97 on Friday. The stock has a market cap of $14.47 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 52 week low of $107.82 and a 52 week high of $112.26. The company’s 50-day moving average price is $109.58 and its 200 day moving average price is $110.37.

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). 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.