iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Sold by Synovus Financial Corp

Synovus Financial Corp lessened its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 12.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,087 shares of the exchange traded fund’s stock after selling 1,333 shares during the quarter. Synovus Financial Corp’s holdings in iShares TIPS Bond ETF were worth $968,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of iShares TIPS Bond ETF by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock worth $318,257,000 after acquiring an additional 51,713 shares during the period. Sterling Financial Planning Inc. raised its stake in iShares TIPS Bond ETF by 70.6% during the fourth quarter. Sterling Financial Planning Inc. now owns 25,000 shares of the exchange traded fund’s stock worth $2,664,000 after purchasing an additional 10,345 shares during the period. Merit Financial Group LLC raised its stake in iShares TIPS Bond ETF by 167.4% during the fourth quarter. Merit Financial Group LLC now owns 5,084 shares of the exchange traded fund’s stock worth $542,000 after purchasing an additional 3,183 shares during the period. M&T Bank Corp boosted its holdings in iShares TIPS Bond ETF by 7.1% in the 4th quarter. M&T Bank Corp now owns 44,934 shares of the exchange traded fund’s stock valued at $4,788,000 after purchasing an additional 2,993 shares during the last quarter. Finally, SigFig Wealth Management LLC grew its stake in shares of iShares TIPS Bond ETF by 5.5% in the 4th quarter. SigFig Wealth Management LLC now owns 28,760 shares of the exchange traded fund’s stock valued at $3,060,000 after buying an additional 1,491 shares during the period.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $108.78 on Thursday. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.51. The firm has a market cap of $14.26 billion, a PE ratio of 12.43 and a beta of 0.29. The firm’s 50 day moving average price is $109.43 and its 200-day moving average price is $108.48.

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).