Wedbush Securities Inc. Has $1.28 Million Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Wedbush Securities Inc. lessened its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,047 shares of the exchange traded fund’s stock after selling 713 shares during the period. Wedbush Securities Inc.’s holdings in iShares TIPS Bond ETF were worth $1,284,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its position in shares of iShares TIPS Bond ETF by 1,852.1% during the 4th quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock worth $154,764,000 after buying an additional 1,378,094 shares during the period. Wealthfront Advisers LLC acquired a new position in iShares TIPS Bond ETF during the fourth quarter worth $76,533,000. Sumitomo Life Insurance Co. lifted its holdings in shares of iShares TIPS Bond ETF by 58.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock valued at $155,749,000 after acquiring an additional 536,610 shares during the period. Dynasty Wealth Management LLC acquired a new stake in shares of iShares TIPS Bond ETF in the 4th quarter valued at $42,463,000. Finally, Raymond James Financial Inc. bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth about $37,033,000.

iShares TIPS Bond ETF Stock Down 0.3 %

Shares of iShares TIPS Bond ETF stock opened at $110.60 on Monday. iShares TIPS Bond ETF has a 12-month low of $104.67 and a 12-month high of $111.51. The stock has a market capitalization of $14.50 billion, a P/E ratio of 12.43 and a beta of 0.29. The company has a 50-day simple moving average of $109.33 and a 200 day simple moving average of $108.57.

iShares TIPS Bond ETF Company 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).