Wealth Enhancement Advisory Services LLC Has $18.60 Million Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Wealth Enhancement Advisory Services LLC reduced its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 16.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 173,142 shares of the exchange traded fund’s stock after selling 34,465 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.10% of iShares TIPS Bond ETF worth $18,597,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in iShares TIPS Bond ETF by 17.6% during the 3rd 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 grew its holdings in shares of iShares TIPS Bond ETF by 181.8% in the fourth quarter. Evoke Wealth LLC now owns 1,246,137 shares of the exchange traded fund’s stock valued at $133,947,000 after acquiring an additional 803,988 shares in the last quarter. Sumitomo Life Insurance Co. bought a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at approximately $67,988,000. 3EDGE Asset Management LP bought a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at approximately $63,005,000. Finally, International Assets Investment Management LLC lifted its stake in iShares TIPS Bond ETF by 7,161.8% in the fourth quarter. International Assets Investment Management LLC now owns 548,047 shares of the exchange traded fund’s stock valued at $58,910,000 after purchasing an additional 540,500 shares during the last quarter.

iShares TIPS Bond ETF Trading Up 0.1 %

iShares TIPS Bond ETF stock opened at $107.25 on Friday. The company has a market cap of $18.61 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The business’s 50 day simple moving average is $106.33 and its 200 day simple moving average is $106.67. iShares TIPS Bond ETF has a 12 month low of $101.74 and a 12 month high of $108.54.

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).