Matson Money. Inc. Reduces Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Matson Money. Inc. cut its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,307,742 shares of the exchange traded fund’s stock after selling 20,170 shares during the quarter. iShares TIPS Bond ETF comprises about 4.8% of Matson Money. Inc.’s investment portfolio, making the stock its 10th biggest holding. Matson Money. Inc.’s holdings in iShares TIPS Bond ETF were worth $140,569,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coppell Advisory Solutions Corp. bought a new stake in iShares TIPS Bond ETF in the fourth quarter worth about $26,000. Fortis Group Advisors LLC purchased a new position in iShares TIPS Bond ETF in the 3rd quarter worth about $27,000. Trifecta Capital Advisors LLC purchased a new position in iShares TIPS Bond ETF in the 4th quarter worth about $27,000. Fortis Capital Advisors LLC purchased a new position in iShares TIPS Bond ETF in the 4th quarter worth about $28,000. Finally, Life Planning Partners Inc purchased a new position in iShares TIPS Bond ETF in the 4th quarter worth about $30,000.

iShares TIPS Bond ETF Stock Performance

TIP traded down $0.25 during trading on Thursday, reaching $105.51. The company had a trading volume of 439,884 shares, compared to its average volume of 2,196,924. The firm’s 50-day simple moving average is $106.60 and its 200 day simple moving average is $105.79. The company has a market cap of $18.53 billion, a price-to-earnings ratio of 11.92 and a beta of 0.09. iShares TIPS Bond ETF has a 12-month low of $101.74 and a 12-month high of $110.88.

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).