Huntington National Bank Increases Position in iShares TIPS Bond ETF $TIP

Huntington National Bank lifted its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 329,430 shares of the exchange traded fund’s stock after buying an additional 19,743 shares during the period. Huntington National Bank owned approximately 0.26% of iShares TIPS Bond ETF worth $36,208,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC grew its position in shares of iShares TIPS Bond ETF by 339.0% in the 4th quarter. Park Avenue Securities LLC now owns 27,677 shares of the exchange traded fund’s stock valued at $3,042,000 after buying an additional 21,372 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at $834,000. Bank of America Corp DE grew its position in shares of iShares TIPS Bond ETF by 32.3% in the 3rd quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock valued at $1,908,042,000 after buying an additional 4,189,926 shares during the last quarter. Keybank National Association OH grew its position in shares of iShares TIPS Bond ETF by 3.0% in the 4th quarter. Keybank National Association OH now owns 635,191 shares of the exchange traded fund’s stock valued at $69,814,000 after buying an additional 18,437 shares during the last quarter. Finally, Envision Financial LLC grew its position in shares of iShares TIPS Bond ETF by 200.0% in the 4th quarter. Envision Financial LLC now owns 9,000 shares of the exchange traded fund’s stock valued at $989,000 after buying an additional 6,000 shares during the last quarter. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Price Performance

NYSEARCA TIP opened at $110.88 on Thursday. The firm’s fifty day moving average price is $110.90 and its 200 day moving average price is $110.74. The company has a market capitalization of $14.67 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a 12 month low of $108.07 and a 12 month high of $112.26.

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.