Keybank National Association OH Lowers Stock Position in iShares TIPS Bond ETF $TIP

Keybank National Association OH decreased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 609,035 shares of the exchange traded fund’s stock after selling 26,156 shares during the period. Keybank National Association OH’s holdings in iShares TIPS Bond ETF were worth $67,213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of TIP. Bank of America Corp DE lifted its holdings 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 period. Valpey Financial Services LLC grew its holdings in iShares TIPS Bond ETF by 10,997.3% during the fourth 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 period. Mitsubishi UFJ Trust & Banking Corp purchased a new position in iShares TIPS Bond ETF in the fourth quarter worth $187,000. Pictet Asset Management Holding SA raised its position in iShares TIPS Bond ETF by 16.8% in the first quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock worth $164,565,000 after acquiring an additional 214,700 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in iShares TIPS Bond ETF by 43.0% in the second quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock valued at $152,991,000 after acquiring an additional 417,901 shares during the period. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $108.33 on Friday. The firm has a market capitalization of $14.67 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a one year low of $108.16 and a one year high of $112.26. The company’s fifty day moving average is $110.25 and its two-hundred day moving average is $110.51.

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.