WealthCollab LLC Reduces Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

WealthCollab LLC lowered its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 19,796 shares of the exchange traded fund’s stock after selling 974 shares during the quarter. iShares TIPS Bond ETF makes up approximately 1.3% of WealthCollab LLC’s investment portfolio, making the stock its 21st largest position. WealthCollab LLC’s holdings in iShares TIPS Bond ETF were worth $2,109,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TIP. Assetmark Inc. increased its position in iShares TIPS Bond ETF by 1,852.1% in the fourth quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock worth $154,764,000 after buying an additional 1,378,094 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of iShares TIPS Bond ETF by 3,416.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,044,440 shares of the exchange traded fund’s stock valued at $111,285,000 after acquiring an additional 1,014,735 shares during the period. FMR LLC increased its holdings in iShares TIPS Bond ETF by 10.6% in the 4th quarter. FMR LLC now owns 7,729,985 shares of the exchange traded fund’s stock worth $823,630,000 after acquiring an additional 739,540 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in iShares TIPS Bond ETF during the 4th quarter worth approximately $76,533,000. Finally, Sumitomo Life Insurance Co. lifted its holdings in iShares TIPS Bond ETF by 58.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock valued at $155,749,000 after purchasing an additional 536,610 shares in the last quarter.

iShares TIPS Bond ETF Price Performance

Shares of NYSEARCA TIP opened at $110.39 on Wednesday. The stock has a market cap of $14.10 billion, a PE ratio of 12.22 and a beta of 0.29. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.51. The firm has a fifty day moving average price of $109.61 and a 200-day moving average price of $108.45.

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).