Charles Schwab Investment Management Inc. Sells 106,683 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Charles Schwab Investment Management Inc. reduced its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,609,997 shares of the exchange traded fund’s stock after selling 106,683 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in iShares TIPS Bond ETF were worth $388,038,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. SMH Capital Advisors Inc. bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $510,000. Apollon Wealth Management LLC raised its stake in iShares TIPS Bond ETF by 119.9% in the fourth quarter. Apollon Wealth Management LLC now owns 6,467 shares of the exchange traded fund’s stock valued at $695,000 after buying an additional 3,526 shares during the period. Summit Trail Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at approximately $944,000. Avidian Wealth Solutions LLC boosted its stake in shares of iShares TIPS Bond ETF by 206.0% during the 4th quarter. Avidian Wealth Solutions LLC now owns 17,269 shares of the exchange traded fund’s stock worth $1,856,000 after acquiring an additional 11,626 shares during the period. Finally, Sykon Capital LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $1,212,000.

iShares TIPS Bond ETF Stock Performance

TIP traded down $0.12 during trading hours on Wednesday, reaching $105.84. The company’s stock had a trading volume of 1,008,637 shares, compared to its average volume of 2,171,084. iShares TIPS Bond ETF has a 52 week low of $101.74 and a 52 week high of $109.99. The firm has a market cap of $18.36 billion, a PE ratio of 11.86 and a beta of 0.09. The company’s 50-day moving average is $106.47 and its 200-day moving average is $106.09.

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).