TME Financial Inc. Reduces Stake in iShares TIPS Bond ETF $TIP

TME Financial Inc. cut its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 9.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 77,089 shares of the exchange traded fund’s stock after selling 8,207 shares during the period. iShares TIPS Bond ETF makes up 6.0% of TME Financial Inc.’s holdings, making the stock its 4th biggest holding. TME Financial Inc.’s holdings in iShares TIPS Bond ETF were worth $8,473,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in iShares TIPS Bond ETF during the third quarter valued at approximately $834,000. Park Avenue Securities LLC lifted its position in iShares TIPS Bond ETF by 339.0% during the fourth quarter. Park Avenue Securities LLC now owns 27,677 shares of the exchange traded fund’s stock valued at $3,042,000 after acquiring an additional 21,372 shares during the last quarter. Bank of America Corp DE lifted its position in iShares TIPS Bond ETF by 32.3% during the third quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock valued at $1,908,042,000 after acquiring an additional 4,189,926 shares during the last quarter. Fermata Advisors LLC lifted its position in iShares TIPS Bond ETF by 16.0% during the third quarter. Fermata Advisors LLC now owns 47,115 shares of the exchange traded fund’s stock valued at $5,240,000 after acquiring an additional 6,514 shares during the last quarter. Finally, Archer Investment Management LLC purchased a new stake in iShares TIPS Bond ETF during the third quarter valued at approximately $8,131,000. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Stock Up 0.3%

NYSEARCA:TIP opened at $111.48 on Friday. iShares TIPS Bond ETF has a 52 week low of $107.98 and a 52 week high of $112.26. The firm has a 50 day moving average of $111.01 and a 200 day moving average of $110.83. The stock has a market capitalization of $14.34 billion, a price-to-earnings ratio of 12.40 and a beta of 0.28.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.