Lake Hills Wealth Management LLC Cuts Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Lake Hills Wealth Management LLC trimmed its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 16.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,516 shares of the exchange traded fund’s stock after selling 6,414 shares during the period. iShares TIPS Bond ETF comprises 2.4% of Lake Hills Wealth Management LLC’s investment portfolio, making the stock its 15th largest position. Lake Hills Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $3,465,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of 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 valued at $772,234,000 after purchasing an additional 3,608,542 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares TIPS Bond ETF by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock valued at $318,257,000 after purchasing an additional 51,713 shares in the last quarter. Sumitomo Life Insurance Co. bought a new position in shares of iShares TIPS Bond ETF in the third quarter valued at approximately $102,200,000. Marshall Wace LLP increased its position in shares of 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 valued at $59,964,000 after purchasing an additional 16,839 shares during the period. Finally, Cetera Investment Advisers lifted its stake 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 valued at $47,406,000 after purchasing an additional 21,268 shares during the last quarter.

iShares TIPS Bond ETF Price Performance

TIP stock opened at $107.14 on Thursday. The firm has a market capitalization of $18.59 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. The company’s 50 day simple moving average is $107.39 and its 200-day simple moving average is $108.32.

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).