Hsbc Holdings PLC Has $57.13 Million Holdings in iShares TIPS Bond ETF $TIP

Hsbc Holdings PLC lessened its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 16.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 519,777 shares of the exchange traded fund’s stock after selling 100,122 shares during the quarter. Hsbc Holdings PLC owned approximately 0.41% of iShares TIPS Bond ETF worth $57,134,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TIP. Bank of America Corp DE boosted its holdings in shares of iShares TIPS Bond ETF by 32.3% during the third quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock worth $1,908,042,000 after purchasing an additional 4,189,926 shares during the period. Valpey Financial Services LLC increased its stake in iShares TIPS Bond ETF by 10,997.3% in the 4th quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock valued at $266,969,000 after buying an additional 2,407,090 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in iShares TIPS Bond ETF in the 4th quarter valued at approximately $187,000. Northwestern Mutual Wealth Management Co. lifted its position in iShares TIPS Bond ETF by 176.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,103 shares of the exchange traded fund’s stock worth $137,179,000 after buying an additional 797,259 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in iShares TIPS Bond ETF by 615.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 649,189 shares of the exchange traded fund’s stock worth $72,203,000 after buying an additional 558,456 shares in the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.4%

Shares of NYSEARCA:TIP opened at $108.94 on Tuesday. The firm has a fifty day moving average of $110.59 and a two-hundred day moving average of $110.58. The firm has a market capitalization of $14.41 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 12-month low of $108.93 and a 12-month 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.