Mirae Asset Global Investments Co. Ltd. Cuts Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 99,792 shares of the exchange traded fund’s stock after selling 5,000 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares TIPS Bond ETF were worth $10,646,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of TIP. FMR LLC grew its holdings in shares of iShares TIPS Bond ETF by 106.7% in the 3rd quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock worth $772,234,000 after acquiring an additional 3,608,542 shares during the period. Sumitomo Life Insurance Co. acquired a new stake in iShares TIPS Bond ETF during the 3rd quarter valued at $102,200,000. International Assets Investment Management LLC grew its holdings in iShares TIPS Bond ETF by 10,652.4% during the 3rd quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock valued at $44,412,000 after buying an additional 398,292 shares during the last quarter. SG Americas Securities LLC grew its holdings in iShares TIPS Bond ETF by 25,645.3% during the 4th quarter. SG Americas Securities LLC now owns 273,930 shares of the exchange traded fund’s stock valued at $29,187,000 after buying an additional 272,866 shares during the last quarter. Finally, Strategic Investment Advisors MI acquired a new stake in iShares TIPS Bond ETF during the 4th quarter valued at $16,787,000.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP opened at $108.73 on Friday. The business’s fifty day moving average price is $107.41 and its two-hundred day moving average price is $108.35. The stock has a market cap of $18.86 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.06.

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).