NewEdge Advisors LLC decreased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 24.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,738 shares of the exchange traded fund’s stock after selling 11,077 shares during the period. NewEdge Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $3,834,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE grew its stake in shares of iShares TIPS Bond ETF by 18.1% in the 1st quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock worth $2,685,035,000 after buying an additional 3,729,751 shares during the last quarter. Valpey Financial Services LLC raised its stake in iShares TIPS Bond ETF by 10,997.3% during the fourth quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock valued at $266,969,000 after buying an additional 2,407,090 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new position in iShares TIPS Bond ETF during the fourth quarter valued at $187,000. Pictet Asset Management Holding SA boosted its holdings in iShares TIPS Bond ETF by 16.8% in the first quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock worth $164,565,000 after acquiring an additional 214,700 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in iShares TIPS Bond ETF by 43.0% in the second quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock worth $152,991,000 after acquiring an additional 417,901 shares in the last quarter. 63.62% of the stock is currently owned by hedge funds and other institutional investors.
iShares TIPS Bond ETF Trading Up 0.0%
NYSEARCA TIP opened at $106.92 on Thursday. iShares TIPS Bond ETF has a 12 month low of $106.75 and a 12 month high of $112.26. The stock’s fifty day moving average price is $108.35 and its 200-day moving average price is $110.01. The stock has a market cap of $14.47 billion, a P/E ratio of 12.40 and a beta of 0.26.
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). 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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