Pacific Life Fund Advisors LLC Cuts Stock Holdings in iShares TIPS Bond ETF $TIP

Pacific Life Fund Advisors LLC reduced its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 30.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,173 shares of the exchange traded fund’s stock after selling 52,694 shares during the period. iShares TIPS Bond ETF makes up about 1.5% of Pacific Life Fund Advisors LLC’s holdings, making the stock its 16th largest holding. Pacific Life Fund Advisors LLC owned about 0.09% of iShares TIPS Bond ETF worth $13,262,000 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 bought and sold shares of TIP. Bank of America Corp DE increased its holdings in iShares TIPS Bond ETF by 32.3% during the 3rd quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock worth $1,908,042,000 after purchasing an additional 4,189,926 shares during the period. Valpey Financial Services LLC boosted its stake in shares of iShares TIPS Bond ETF by 10,997.3% in the 4th quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock valued at $266,969,000 after buying an additional 2,407,090 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $187,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares TIPS Bond ETF by 176.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,103 shares of the exchange traded fund’s stock valued at $137,179,000 after buying an additional 797,259 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of iShares TIPS Bond ETF by 615.5% during the third quarter. BNP Paribas Financial Markets now owns 649,189 shares of the exchange traded fund’s stock worth $72,203,000 after buying an additional 558,456 shares in the last quarter. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $108.13 on Monday. The company’s 50 day moving average price is $109.84 and its 200 day moving average price is $110.43. iShares TIPS Bond ETF has a fifty-two week low of $107.98 and a fifty-two week high of $112.26. The firm has a market capitalization of $14.48 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

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). 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.