Fortune Financial Advisors LLC Lowers Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Fortune Financial Advisors LLC trimmed its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,246 shares of the exchange traded fund’s stock after selling 354 shares during the period. iShares TIPS Bond ETF makes up about 1.9% of Fortune Financial Advisors LLC’s investment portfolio, making the stock its 17th largest position. Fortune Financial Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $2,051,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. FMR LLC lifted its stake in iShares TIPS Bond ETF by 106.7% during the third quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock worth $772,234,000 after purchasing an additional 3,608,542 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 valued at $318,257,000 after buying an additional 51,713 shares in the last quarter. Sumitomo Life Insurance Co. lifted its position in iShares TIPS Bond ETF by 58.0% in the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock worth $155,749,000 after buying an additional 536,610 shares during the last quarter. Baldwin Wealth Partners LLC MA boosted its stake in iShares TIPS Bond ETF by 52.6% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 429,183 shares of the exchange traded fund’s stock worth $45,729,000 after buying an additional 147,849 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in iShares TIPS Bond ETF by 10,652.4% during the third quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock valued at $44,412,000 after acquiring an additional 398,292 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $107.93 on Friday. The company has a market capitalization of $18.73 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.06. The company’s 50 day moving average price is $107.38 and its two-hundred day moving average price is $108.33.

iShares TIPS Bond ETF Profile

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).