FineMark National Bank & Trust Trims Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

FineMark National Bank & Trust reduced its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,356 shares of the exchange traded fund’s stock after selling 1,900 shares during the period. FineMark National Bank & Trust’s holdings in iShares TIPS Bond ETF were worth $890,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TIP. FMR LLC lifted its stake 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 valued at $772,234,000 after purchasing an additional 3,608,542 shares during the period. Assetmark Inc. raised its holdings in iShares TIPS Bond ETF by 1,852.1% in the fourth quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock worth $154,764,000 after purchasing an additional 1,378,094 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in iShares TIPS Bond ETF during the fourth quarter valued at $76,533,000. Sumitomo Life Insurance Co. boosted its holdings in shares of iShares TIPS Bond ETF by 58.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock valued at $155,749,000 after buying an additional 536,610 shares in the last quarter. Finally, Dynasty Wealth Management LLC purchased a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth about $42,463,000.

iShares TIPS Bond ETF Price Performance

Shares of iShares TIPS Bond ETF stock opened at $110.00 on Wednesday. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.06. The firm has a market cap of $14.32 billion, a price-to-earnings ratio of 12.32 and a beta of 0.28. The company has a 50-day moving average of $108.81 and a 200 day moving average of $108.56.

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).