Pacific Life Fund Advisors LLC Buys 29,453 Shares of iShares TIPS Bond ETF $TIP

Pacific Life Fund Advisors LLC grew its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 21.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 166,383 shares of the exchange traded fund’s stock after purchasing an additional 29,453 shares during the quarter. iShares TIPS Bond ETF makes up approximately 1.9% of Pacific Life Fund Advisors LLC’s portfolio, making the stock its 17th biggest position. Pacific Life Fund Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $18,505,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in iShares TIPS Bond ETF by 8.0% during the 4th quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock valued at $1,583,000 after buying an additional 1,102 shares during the last quarter. AQR Capital Management LLC bought a new stake in iShares TIPS Bond ETF in the 1st quarter worth $432,000. Goldman Sachs Group Inc. increased its position in shares of iShares TIPS Bond ETF by 82.1% in the first quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock valued at $54,099,000 after acquiring an additional 219,598 shares during the period. Heartwood Wealth Advisors LLC increased its position in shares of iShares TIPS Bond ETF by 0.5% in the second quarter. Heartwood Wealth Advisors LLC now owns 153,210 shares of the exchange traded fund’s stock valued at $16,859,000 after acquiring an additional 782 shares during the period. Finally, Atlas Brown Inc. raised its stake in shares of iShares TIPS Bond ETF by 8.4% during the second quarter. Atlas Brown Inc. now owns 7,085 shares of the exchange traded fund’s stock valued at $780,000 after acquiring an additional 547 shares during the last quarter. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock opened at $110.18 on Tuesday. The firm has a market cap of $14.04 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 1-year low of $106.09 and a 1-year high of $112.26. The firm has a 50-day moving average of $110.50 and a 200-day moving average of $110.65.

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.