iShares TIPS Bond ETF $TIP Shares Sold by WealthNavi Inc.

WealthNavi Inc. cut its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 654,936 shares of the exchange traded fund’s stock after selling 37,596 shares during the quarter. iShares TIPS Bond ETF makes up 0.6% of WealthNavi Inc.’s portfolio, making the stock its 10th largest holding. WealthNavi Inc. owned about 0.51% of iShares TIPS Bond ETF worth $72,279,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TIP. Bank of America Corp DE raised its stake in shares of iShares TIPS Bond ETF by 32.3% in the third 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 acquiring an additional 4,189,926 shares during the last quarter. Valpey Financial Services LLC grew its position in iShares TIPS Bond ETF by 10,997.3% during the 4th quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock worth $266,969,000 after acquiring an additional 2,407,090 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in iShares TIPS Bond ETF during the 4th quarter valued at $187,000. Sumitomo Life Insurance Co. increased its holdings in iShares TIPS Bond ETF by 44.3% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 1,471,634 shares of the exchange traded fund’s stock valued at $163,675,000 after purchasing an additional 451,450 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in iShares TIPS Bond ETF by 43.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock valued at $152,991,000 after purchasing an additional 417,901 shares during the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $109.50 on Friday. The company has a market cap of $14.49 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The stock has a fifty day moving average price of $110.47 and a two-hundred day moving average price of $110.55. iShares TIPS Bond ETF has a 52-week low of $108.88 and a 52-week high of $112.26.

About iShares TIPS Bond ETF

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.