American Financial Advisors LLC Has $1.08 Million Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

American Financial Advisors LLC reduced its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,120 shares of the exchange traded fund’s stock after selling 312 shares during the quarter. American Financial Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $1,078,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TIP. GenTrust LLC increased its stake in iShares TIPS Bond ETF by 0.9% in the third quarter. GenTrust LLC now owns 196,162 shares of the exchange traded fund’s stock valued at $21,670,000 after acquiring an additional 1,804 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of iShares TIPS Bond ETF by 10,652.4% in the 3rd quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock valued at $44,412,000 after purchasing an additional 398,292 shares during the last quarter. 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 buying an additional 51,713 shares in the last quarter. Merit Financial Group LLC lifted its position in shares of iShares TIPS Bond ETF by 167.4% during the 4th quarter. Merit Financial Group LLC now owns 5,084 shares of the exchange traded fund’s stock worth $542,000 after buying an additional 3,183 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in iShares TIPS Bond ETF by 17.9% in the third quarter. Citigroup Inc. now owns 143,191 shares of the exchange traded fund’s stock valued at $15,818,000 after buying an additional 21,755 shares in the last quarter.

iShares TIPS Bond ETF Trading Up 0.2 %

Shares of NYSEARCA TIP opened at $108.61 on Friday. The company has a market cap of $18.84 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.06. The stock has a 50-day moving average price of $107.37 and a two-hundred day moving average price of $108.40.

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).