PNC Financial Services Group Inc. Reduces Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

PNC Financial Services Group Inc. lessened its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 12.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 599,446 shares of the exchange traded fund’s stock after selling 87,528 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.35% of iShares TIPS Bond ETF worth $63,871,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank Julius Baer & Co. Ltd Zurich grew its holdings in iShares TIPS Bond ETF by 7.0% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 893,256 shares of the exchange traded fund’s stock valued at $105,032,000 after buying an additional 58,066 shares during the period. Destination Wealth Management grew its holdings in iShares TIPS Bond ETF by 48.3% in the 4th quarter. Destination Wealth Management now owns 3,318 shares of the exchange traded fund’s stock valued at $354,000 after buying an additional 1,080 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in iShares TIPS Bond ETF by 29.7% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,027 shares of the exchange traded fund’s stock valued at $323,000 after buying an additional 693 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in iShares TIPS Bond ETF in the 4th quarter valued at about $350,000. Finally, Welch & Forbes LLC grew its holdings in iShares TIPS Bond ETF by 31.3% in the 4th quarter. Welch & Forbes LLC now owns 29,430 shares of the exchange traded fund’s stock valued at $3,136,000 after buying an additional 7,008 shares during the period.

iShares TIPS Bond ETF Price Performance

TIP opened at $109.46 on Monday. The stock has a market capitalization of $14.01 billion, a price-to-earnings ratio of 12.25 and a beta of 0.26. The business has a 50-day moving average of $108.01 and a two-hundred day moving average of $108.51. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month 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).