WealthNavi Inc. lowered its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 3.5% in the third quarter, HoldingsChannel reports. The fund owned 605,921 shares of the exchange traded fund’s stock after selling 21,896 shares during the period. iShares TIPS Bond ETF makes up 0.5% of WealthNavi Inc.’s portfolio, making the stock its 11th largest position. WealthNavi Inc.’s holdings in iShares TIPS Bond ETF were worth $63,040,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of iShares TIPS Bond ETF by 18.1% in the first 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 purchasing an additional 3,729,751 shares in the last quarter. Mather Group LLC. bought a new position in iShares TIPS Bond ETF in the third quarter valued at $240,163,000. Envestnet Asset Management Inc. grew its position in iShares TIPS Bond ETF by 3.5% in the second quarter. Envestnet Asset Management Inc. now owns 2,029,684 shares of the exchange traded fund’s stock valued at $222,108,000 after purchasing an additional 68,483 shares in the last quarter. CI Investments Inc. grew its position in iShares TIPS Bond ETF by 28.7% in the first quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock valued at $128,772,000 after purchasing an additional 260,055 shares in the last quarter. Finally, Viewpoint Investment Partners Corp increased its stake in iShares TIPS Bond ETF by 26.7% in the 3rd quarter. Viewpoint Investment Partners Corp now owns 597,700 shares of the exchange traded fund’s stock valued at $56,551,000 after buying an additional 126,040 shares during the last quarter. 63.62% of the stock is currently owned by institutional investors and hedge funds.
iShares TIPS Bond ETF Price Performance
Shares of NYSEARCA:TIP opened at $106.31 on Wednesday. The company’s 50-day moving average price is $105.75 and its two-hundred day moving average price is $108.90. iShares TIPS Bond ETF has a one year low of $103.75 and a one year high of $112.04. The stock has a market capitalization of $14.56 billion, a PE ratio of 12.40 and a beta of 0.27.
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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