iShares TIPS Bond ETF $TIP Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 473,432 shares of the exchange traded fund’s stock after selling 34,672 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.38% of iShares TIPS Bond ETF worth $52,035,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TIP. Woodside Wealth Management LLC raised its stake in shares of iShares TIPS Bond ETF by 167.8% during the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 151 shares during the period. Laurel Wealth Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $28,000. Holos Integrated Wealth LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $29,000. Root Financial Partners LLC acquired a new position in shares of iShares TIPS Bond ETF during the 3rd quarter worth approximately $33,000. Finally, Pittenger & Anderson Inc. acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $34,000. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $110.37 on Friday. The company has a market cap of $14.60 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. The stock has a 50 day simple moving average of $110.93 and a 200-day simple moving average of $110.75. iShares TIPS Bond ETF has a 1-year low of $107.98 and a 1-year high of $112.26.

About iShares TIPS Bond ETF

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.