Pacific Life Fund Advisors LLC Sells 19,057 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Pacific Life Fund Advisors LLC reduced its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 12.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 138,109 shares of the exchange traded fund’s stock after selling 19,057 shares during the period. iShares TIPS Bond ETF accounts for approximately 1.5% of Pacific Life Fund Advisors LLC’s portfolio, making the stock its 15th largest holding. Pacific Life Fund Advisors LLC owned approximately 0.08% of iShares TIPS Bond ETF worth $15,257,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of iShares TIPS Bond ETF by 12.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock valued at $388,581,000 after buying an additional 410,284 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of iShares TIPS Bond ETF during the first quarter worth about $201,931,000. Sumitomo Life Insurance Co. purchased a new position in shares of iShares TIPS Bond ETF during the third quarter worth about $102,200,000. Marshall Wace LLP grew its holdings in shares of iShares TIPS Bond ETF by 3.1% during the second quarter. Marshall Wace LLP now owns 561,570 shares of the exchange traded fund’s stock worth $59,964,000 after purchasing an additional 16,839 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of iShares TIPS Bond ETF by 30.2% during the second quarter. Bank of New York Mellon Corp now owns 464,032 shares of the exchange traded fund’s stock worth $49,549,000 after purchasing an additional 107,653 shares in the last quarter.

iShares TIPS Bond ETF Trading Down 0.2 %

Shares of NYSEARCA TIP traded down $0.18 during midday trading on Thursday, hitting $108.25. 454,921 shares of the company’s stock were exchanged, compared to its average volume of 1,912,858. iShares TIPS Bond ETF has a 12-month low of $102.46 and a 12-month high of $111.06. The company has a market cap of $18.78 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The business’s fifty day moving average price is $109.58 and its two-hundred day moving average price is $107.82.

iShares TIPS Bond ETF 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).