iShares TIPS Bond ETF $TIP Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 40.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 309,639 shares of the exchange traded fund’s stock after selling 210,138 shares during the period. Hsbc Holdings PLC owned 0.24% of iShares TIPS Bond ETF worth $34,178,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TIP. TD Capital Management LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth about $25,000. Woodside Wealth Management LLC grew its position 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 valued at $26,000 after acquiring an additional 151 shares during the period. Evolution Wealth Management Inc. purchased a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $26,000. Laurel Wealth Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $28,000. Finally, Smartleaf Asset Management LLC acquired a new position in iShares TIPS Bond ETF in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Down 0.2%

Shares of TIP stock opened at $108.05 on Tuesday. The company has a market capitalization of $14.57 billion, a P/E ratio of 12.40 and a beta of 0.26. The business’s 50 day moving average is $109.46 and its two-hundred day moving average is $110.34. iShares TIPS Bond ETF has a 12-month low of $107.82 and a 12-month high of $112.26.

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). 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.