Spire Wealth Management Reduces Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Spire Wealth Management lowered its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 18.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,628 shares of the exchange traded fund’s stock after selling 23,393 shares during the quarter. Spire Wealth Management’s holdings in iShares TIPS Bond ETF were worth $10,983,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TIP. JPMorgan Chase & Co. lifted its holdings in shares of iShares TIPS Bond ETF by 17.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,577,654 shares of the exchange traded fund’s stock valued at $578,524,000 after buying an additional 835,933 shares during the period. Envestnet Asset Management Inc. boosted its position in iShares TIPS Bond ETF by 179.2% in the 3rd 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. Charles Schwab Investment Management Inc. grew its stake in shares of iShares TIPS Bond ETF by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,716,680 shares of the exchange traded fund’s stock worth $385,494,000 after purchasing an additional 148,842 shares during the period. Rock Creek Group LP increased its holdings in shares of iShares TIPS Bond ETF by 1,992.9% during the 3rd quarter. Rock Creek Group LP now owns 2,756,361 shares of the exchange traded fund’s stock valued at $285,890,000 after purchasing an additional 2,624,661 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of iShares TIPS Bond ETF by 37.7% in the 3rd quarter. LPL Financial LLC now owns 2,155,028 shares of the exchange traded fund’s stock valued at $223,520,000 after purchasing an additional 589,881 shares during the period.

iShares TIPS Bond ETF Price Performance

TIP stock traded up $0.54 during midday trading on Friday, hitting $105.93. 2,388,261 shares of the stock traded hands, compared to its average volume of 2,200,094. The stock’s fifty day simple moving average is $106.48 and its 200-day simple moving average is $106.04. The firm has a market cap of $18.38 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 1-year low of $101.74 and a 1-year high of $110.47.

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).