iShares TIPS Bond ETF $TIP Shares Acquired by Sumitomo Mitsui Financial Group Inc.

Sumitomo Mitsui Financial Group Inc. increased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 16.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,115 shares of the exchange traded fund’s stock after purchasing an additional 8,304 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in iShares TIPS Bond ETF were worth $6,575,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings in shares of iShares TIPS Bond ETF by 8.0% during the 4th quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock valued at $1,583,000 after buying an additional 1,102 shares during the period. AQR Capital Management LLC acquired a new stake in iShares TIPS Bond ETF in the first quarter valued at approximately $432,000. Goldman Sachs Group Inc. grew its position in iShares TIPS Bond ETF by 82.1% in the first quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock valued at $54,099,000 after acquiring an additional 219,598 shares in the last quarter. Wealthfront Advisers LLC raised its stake in shares of iShares TIPS Bond ETF by 34.1% during the second quarter. Wealthfront Advisers LLC now owns 3,222 shares of the exchange traded fund’s stock valued at $355,000 after purchasing an additional 819 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of iShares TIPS Bond ETF during the second quarter worth $213,000. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Trading Up 0.3%

Shares of TIP stock opened at $111.71 on Friday. The firm has a fifty day simple moving average of $110.46 and a 200-day simple moving average of $110.85. The company has a market capitalization of $14.00 billion, a PE ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a twelve month low of $106.47 and a twelve month 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.