Parsons Capital Management Inc. RI Sells 826 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Parsons Capital Management Inc. RI lessened its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 13.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,275 shares of the exchange traded fund’s stock after selling 826 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in iShares TIPS Bond ETF were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in iShares TIPS Bond ETF by 179.2% in the third quarter. Envestnet Asset Management Inc. now owns 5,036,259 shares of the exchange traded fund’s stock worth $522,361,000 after purchasing an additional 3,232,628 shares in the last quarter. Rock Creek Group LP raised its holdings in iShares TIPS Bond ETF by 1,992.9% in the third quarter. Rock Creek Group LP now owns 2,756,361 shares of the exchange traded fund’s stock worth $285,890,000 after purchasing an additional 2,624,661 shares in the last quarter. Assetmark Inc. raised its holdings in iShares TIPS Bond ETF by 1,511.5% in the third quarter. Assetmark Inc. now owns 2,121,402 shares of the exchange traded fund’s stock worth $220,032,000 after purchasing an additional 1,989,759 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in iShares TIPS Bond ETF by 1,655.8% in the third quarter. Qube Research & Technologies Ltd now owns 1,007,239 shares of the exchange traded fund’s stock worth $104,471,000 after purchasing an additional 949,872 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in iShares TIPS Bond ETF by 17.6% in the third 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.

iShares TIPS Bond ETF Trading Up 0.3 %

NYSEARCA:TIP traded up $0.27 during mid-day trading on Friday, reaching $105.78. The company’s stock had a trading volume of 1,382,555 shares, compared to its average volume of 2,184,771. iShares TIPS Bond ETF has a 12-month low of $101.74 and a 12-month high of $110.47. The firm’s fifty day moving average price is $106.53 and its two-hundred day moving average price is $105.96. The stock has a market cap of $18.57 billion, a P/E ratio of 11.92 and a beta of 0.09.

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).