JPMorgan Chase & Co. Grows Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

JPMorgan Chase & Co. raised its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,880,936 shares of the exchange traded fund’s stock after purchasing an additional 51,713 shares during the quarter. JPMorgan Chase & Co. owned 1.66% of iShares TIPS Bond ETF worth $318,257,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. William B. Walkup & Associates Inc. bought a new position in shares of iShares TIPS Bond ETF in the second quarter worth about $26,000. Eastern Bank bought a new position in iShares TIPS Bond ETF in the 3rd quarter worth approximately $37,000. Strategic Investment Solutions Inc. IL grew its holdings in iShares TIPS Bond ETF by 102.0% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock valued at $45,000 after buying an additional 204 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of iShares TIPS Bond ETF during the second quarter valued at approximately $47,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of iShares TIPS Bond ETF by 125.7% in the third quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 298 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP opened at $106.37 on Monday. The firm has a market cap of $18.46 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The firm has a fifty day moving average price of $107.92 and a 200 day moving average price of $108.34. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two 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).