Keel Point LLC Cuts Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Keel Point LLC reduced its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,900 shares of the exchange traded fund’s stock after selling 413 shares during the period. Keel Point LLC’s holdings in iShares TIPS Bond ETF were worth $1,065,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its stake in iShares TIPS Bond ETF by 40.7% during the first quarter. FMR LLC now owns 7,353,341 shares of the exchange traded fund’s stock valued at $810,706,000 after purchasing an additional 2,127,591 shares in the last quarter. Empower Advisory Group LLC purchased a new stake in iShares TIPS Bond ETF during the 1st quarter valued at $123,341,000. Evoke Wealth LLC boosted its stake in iShares TIPS Bond ETF by 8,031.2% during the fourth quarter. Evoke Wealth LLC now owns 1,057,544 shares of the exchange traded fund’s stock worth $86,191,000 after buying an additional 1,044,538 shares during the period. Sumitomo Life Insurance Co. increased its position in iShares TIPS Bond ETF by 256.5% during the first quarter. Sumitomo Life Insurance Co. now owns 1,309,485 shares of the exchange traded fund’s stock valued at $144,371,000 after acquiring an additional 942,207 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of iShares TIPS Bond ETF by 3,162.7% in the 4th quarter. Barclays PLC now owns 609,210 shares of the exchange traded fund’s stock worth $64,845,000 after acquiring an additional 590,538 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP traded down $0.08 during mid-day trading on Tuesday, hitting $105.25. 711,111 shares of the stock traded hands, compared to its average volume of 3,437,176. iShares TIPS Bond ETF has a 52 week low of $104.57 and a 52 week high of $111.26. The firm’s 50 day moving average is $106.09 and its two-hundred day moving average is $107.77.

iShares TIPS Bond ETF 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).