Bank of America Corp DE lifted its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 18.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,329,782 shares of the exchange traded fund’s stock after buying an additional 3,729,751 shares during the period. Bank of America Corp DE owned about 18.39% of iShares TIPS Bond ETF worth $2,685,035,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the business. Valpey Financial Services LLC grew its holdings 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 worth $266,969,000 after acquiring an additional 2,407,090 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth $187,000. Pictet Asset Management Holding SA grew its stake in shares of iShares TIPS Bond ETF by 16.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock worth $164,565,000 after purchasing an additional 214,700 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of iShares TIPS Bond ETF by 43.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock valued at $152,991,000 after purchasing an additional 417,901 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares TIPS Bond ETF by 176.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,103 shares of the exchange traded fund’s stock valued at $137,179,000 after purchasing an additional 797,259 shares in the last quarter. 63.62% of the stock is owned by institutional investors and hedge funds.
iShares TIPS Bond ETF Stock Up 0.1%
Shares of NYSEARCA TIP opened at $107.77 on Thursday. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 52 week low of $107.39 and a 52 week high of $112.26. The firm has a 50-day moving average price of $109.03 and a 200 day moving average price of $110.23.
iShares TIPS Bond ETF 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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