254,097 Shares in iShares TIPS Bond ETF (NYSEARCA:TIP) Bought by Pacific Life Fund Advisors LLC

Pacific Life Fund Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 254,097 shares of the exchange traded fund’s stock, valued at approximately $27,313,000. iShares TIPS Bond ETF makes up about 2.7% of Pacific Life Fund Advisors LLC’s holdings, making the stock its 12th largest holding. Pacific Life Fund Advisors LLC owned 0.12% of iShares TIPS Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Fortis Group Advisors LLC purchased a new stake in iShares TIPS Bond ETF during the third quarter worth $27,000. Trifecta Capital Advisors LLC purchased a new position in iShares TIPS Bond ETF during the fourth quarter valued at $27,000. Life Planning Partners Inc purchased a new position in iShares TIPS Bond ETF during the fourth quarter valued at $30,000. Covestor Ltd purchased a new position in iShares TIPS Bond ETF during the third quarter valued at $33,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new position in iShares TIPS Bond ETF during the fourth quarter valued at $33,000.

iShares TIPS Bond ETF Trading Up 0.1 %

TIP traded up $0.13 during midday trading on Friday, hitting $106.44. 592,939 shares of the company traded hands, compared to its average volume of 2,139,310. The company has a market capitalization of $18.47 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 52-week low of $101.74 and a 52-week high of $108.54. The business has a 50 day simple moving average of $106.30 and a two-hundred day simple moving average of $106.36.

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).