LPL Financial LLC Increases Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

LPL Financial LLC increased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,905,511 shares of the exchange traded fund’s stock after acquiring an additional 198,311 shares during the period. LPL Financial LLC owned about 1.49% of iShares TIPS Bond ETF worth $367,547,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of iShares TIPS Bond ETF by 4.9% in the 3rd quarter. BlackRock Inc. now owns 18,520,895 shares of the exchange traded fund’s stock worth $2,342,893,000 after purchasing an additional 869,954 shares in the last quarter. Bank of America Corp DE raised its position in shares of iShares TIPS Bond ETF by 4.5% during the 2nd quarter. Bank of America Corp DE now owns 15,062,490 shares of the exchange traded fund’s stock valued at $1,852,685,000 after buying an additional 646,675 shares in the last quarter. Morgan Stanley raised its position in shares of iShares TIPS Bond ETF by 102.9% during the 1st quarter. Morgan Stanley now owns 13,541,551 shares of the exchange traded fund’s stock valued at $1,596,821,000 after buying an additional 6,868,082 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of iShares TIPS Bond ETF by 47.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,642,187 shares of the exchange traded fund’s stock valued at $447,989,000 after buying an additional 1,174,658 shares in the last quarter. Finally, Personal Capital Advisors Corp raised its position in shares of iShares TIPS Bond ETF by 4.7% during the 2nd quarter. Personal Capital Advisors Corp now owns 3,060,570 shares of the exchange traded fund’s stock valued at $376,450,000 after buying an additional 136,485 shares in the last quarter.

Shares of NYSEARCA TIP traded down $0.15 during mid-day trading on Monday, hitting $125.18. 43,409 shares of the company’s stock traded hands, compared to its average volume of 2,340,730. The company’s 50-day moving average is $125.87 and its two-hundred day moving average is $124.38. iShares TIPS Bond ETF has a 1 year low of $107.37 and a 1 year high of $127.28.

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).

Further Reading: How Do Front-End Loads Impact an Investment?

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Institutional Ownership by Quarter for iShares TIPS Bond ETF (NYSEARCA:TIP)

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