Sumitomo Mitsui Financial Group Inc. Boosts Position in iShares TIPS Bond ETF $TIP

Sumitomo Mitsui Financial Group Inc. boosted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 9.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,923 shares of the exchange traded fund’s stock after acquiring an additional 5,808 shares during the quarter. Sumitomo Mitsui Financial Group Inc. owned 0.05% of iShares TIPS Bond ETF worth $7,136,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Woodside Wealth Management LLC increased its position in iShares TIPS Bond ETF by 167.8% during the fourth quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 151 shares during the last quarter. Evolution Wealth Management Inc. purchased a new stake in iShares TIPS Bond ETF during the fourth quarter valued at $26,000. Laurel Wealth Advisors LLC purchased a new stake in iShares TIPS Bond ETF during the fourth quarter valued at $28,000. Holos Integrated Wealth LLC purchased a new stake in iShares TIPS Bond ETF during the fourth quarter valued at $29,000. Finally, Pittenger & Anderson Inc. purchased a new stake in iShares TIPS Bond ETF in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Up 0.4%

Shares of TIP opened at $109.60 on Friday. The business has a 50-day simple moving average of $110.79 and a two-hundred day simple moving average of $110.66. The stock has a market cap of $14.50 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 $108.38 and a 52 week high of $112.26.

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). 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.