Keybank National Association OH lessened its stake in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 4.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 609,035 shares of the exchange traded fund’s stock after selling 26,156 shares during the period. Keybank National Association OH owned 0.46% of iShares TIPS Bond ETF worth $67,213,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KPP Advisory Services LLC purchased a new position in shares of iShares TIPS Bond ETF in the 1st quarter valued at approximately $3,615,000. Innova Wealth Partners purchased a new stake in shares of iShares TIPS Bond ETF during the first quarter worth approximately $216,000. Root Financial Partners LLC lifted its holdings in shares of iShares TIPS Bond ETF by 39.0% during the first quarter. Root Financial Partners LLC now owns 524 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 147 shares during the period. True Blue Financial LLC lifted its holdings in shares of iShares TIPS Bond ETF by 1.3% during the first quarter. True Blue Financial LLC now owns 15,909 shares of the exchange traded fund’s stock worth $1,756,000 after purchasing an additional 201 shares during the period. Finally, School Employees Retirement Board of Ohio purchased a new position in iShares TIPS Bond ETF in the 1st quarter valued at $9,923,000. 63.62% of the stock is owned by hedge funds and other institutional investors.
iShares TIPS Bond ETF Price Performance
NYSEARCA:TIP opened at $108.33 on Friday. The firm has a market cap of $14.67 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The firm’s fifty day moving average price is $110.25 and its 200 day moving average price is $110.51. iShares TIPS Bond ETF has a 1-year low of $108.16 and a 1-year 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). 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.
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