Pacific Life Fund Advisors LLC Sells 63,512 Shares of iShares TIPS Bond ETF $TIP

Pacific Life Fund Advisors LLC lessened its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 31.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 136,930 shares of the exchange traded fund’s stock after selling 63,512 shares during the quarter. iShares TIPS Bond ETF makes up approximately 1.6% of Pacific Life Fund Advisors LLC’s portfolio, making the stock its 17th largest holding. Pacific Life Fund Advisors LLC owned 0.11% of iShares TIPS Bond ETF worth $15,068,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC bought a new position in shares of iShares TIPS Bond ETF during the 2nd quarter valued at $51,846,000. Partners Capital Investment Group LLP increased its position in iShares TIPS Bond ETF by 80.5% during the first quarter. Partners Capital Investment Group LLP now owns 1,023,999 shares of the exchange traded fund’s stock worth $113,756,000 after buying an additional 456,633 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in iShares TIPS Bond ETF by 45.0% during the first quarter. Ameriprise Financial Inc. now owns 971,032 shares of the exchange traded fund’s stock valued at $108,387,000 after buying an additional 301,463 shares in the last quarter. Bank of Nova Scotia acquired a new stake in shares of iShares TIPS Bond ETF in the first quarter worth about $33,327,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of iShares TIPS Bond ETF by 82.1% in the first quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock worth $54,099,000 after buying an additional 219,598 shares during the last quarter. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Stock Performance

TIP opened at $110.88 on Friday. The company has a market cap of $14.08 billion, a PE ratio of 12.40 and a beta of 0.26. The stock has a 50-day moving average of $111.43 and a 200-day moving average of $110.20. iShares TIPS Bond ETF has a 52-week low of $106.04 and a 52-week high of $112.26.

iShares TIPS Bond ETF Company 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).