NBT Bank N A NY Cuts Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

NBT Bank N A NY reduced its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 71.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 867 shares of the exchange traded fund’s stock after selling 2,205 shares during the quarter. NBT Bank N A NY’s holdings in iShares TIPS Bond ETF were worth $92,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its stake in shares of iShares TIPS Bond ETF by 106.7% in the 3rd quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock valued at $772,234,000 after acquiring an additional 3,608,542 shares during the last quarter. Assetmark Inc. lifted its stake in shares of iShares TIPS Bond ETF by 1,852.1% in the 4th quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock valued at $154,764,000 after acquiring an additional 1,378,094 shares during the last quarter. Sumitomo Life Insurance Co. lifted its stake in shares of iShares TIPS Bond ETF by 58.0% in the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock valued at $155,749,000 after acquiring an additional 536,610 shares during the last quarter. Dynasty Wealth Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $42,463,000. Finally, Raymond James Financial Inc. bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $37,033,000.

iShares TIPS Bond ETF Trading Down 0.3 %

NYSEARCA TIP opened at $109.65 on Wednesday. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.06. The stock has a 50-day moving average of $108.14 and a 200-day moving average of $108.52. The firm has a market cap of $14.04 billion, a PE ratio of 12.25 and a beta of 0.26.

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).