iShares TIPS Bond ETF $TIP Shares Sold by WealthNavi Inc.

WealthNavi Inc. reduced its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 692,532 shares of the exchange traded fund’s stock after selling 34,713 shares during the period. iShares TIPS Bond ETF accounts for 0.7% of WealthNavi Inc.’s holdings, making the stock its 10th biggest holding. WealthNavi Inc.’s holdings in iShares TIPS Bond ETF were worth $76,116,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Private Advisory Group LLC increased its position in iShares TIPS Bond ETF by 11.8% in the 4th quarter. Private Advisory Group LLC now owns 27,890 shares of the exchange traded fund’s stock valued at $3,065,000 after buying an additional 2,939 shares in the last quarter. Sterling Investment Advisors LLC ADV boosted its holdings in iShares TIPS Bond ETF by 4.5% in the fourth quarter. Sterling Investment Advisors LLC ADV now owns 61,061 shares of the exchange traded fund’s stock worth $6,711,000 after acquiring an additional 2,613 shares in the last quarter. WESPAC Advisors LLC acquired a new stake in iShares TIPS Bond ETF in the fourth quarter valued at approximately $270,000. Spire Wealth Management grew its stake in iShares TIPS Bond ETF by 1.3% in the fourth quarter. Spire Wealth Management now owns 72,906 shares of the exchange traded fund’s stock valued at $8,013,000 after acquiring an additional 930 shares during the period. Finally, Prosperity Planning Inc. increased its holdings in shares of iShares TIPS Bond ETF by 35.7% during the fourth quarter. Prosperity Planning Inc. now owns 15,695 shares of the exchange traded fund’s stock valued at $1,725,000 after acquiring an additional 4,125 shares in the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Up 0.6%

Shares of NYSEARCA:TIP opened at $110.35 on Tuesday. iShares TIPS Bond ETF has a twelve month low of $106.47 and a twelve month high of $112.26. The stock’s 50 day moving average is $110.82 and its 200-day moving average is $110.86. The firm has a market capitalization of $13.83 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

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.