Dakota Wealth Management Boosts Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Dakota Wealth Management boosted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 288,414 shares of the exchange traded fund’s stock after acquiring an additional 3,271 shares during the quarter. iShares TIPS Bond ETF accounts for approximately 0.7% of Dakota Wealth Management’s investment portfolio, making the stock its 28th biggest position. Dakota Wealth Management owned 0.17% of iShares TIPS Bond ETF worth $30,730,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of TIP. FMR LLC lifted its holdings in iShares TIPS Bond ETF by 106.7% in the 3rd quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock worth $772,234,000 after buying an additional 3,608,542 shares in the last quarter. JPMorgan Chase & Co. boosted its position in iShares TIPS Bond ETF by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock worth $318,257,000 after purchasing an additional 51,713 shares during the last quarter. Sumitomo Life Insurance Co. purchased a new stake in iShares TIPS Bond ETF during the 3rd quarter worth about $102,200,000. Marshall Wace LLP boosted its position in iShares TIPS Bond ETF by 3.1% during the 2nd quarter. Marshall Wace LLP now owns 561,570 shares of the exchange traded fund’s stock worth $59,964,000 after acquiring an additional 16,839 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in iShares TIPS Bond ETF by 5.0% during the second quarter. Cetera Investment Advisers now owns 443,962 shares of the exchange traded fund’s stock worth $47,406,000 after buying an additional 21,268 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $107.26 on Wednesday. The firm has a 50 day moving average price of $107.39 and a 200 day moving average price of $108.31. The stock has a market cap of $18.61 billion, a P/E ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06.

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).