PNC Financial Services Group Inc. Sells 17,568 Shares of iShares TIPS Bond ETF $TIP

PNC Financial Services Group Inc. reduced its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 455,864 shares of the exchange traded fund’s stock after selling 17,568 shares during the period. PNC Financial Services Group Inc. owned approximately 0.34% of iShares TIPS Bond ETF worth $50,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE grew its stake in shares of iShares TIPS Bond ETF by 11.0% during the 2nd quarter. Bank of America Corp DE now owns 12,965,639 shares of the exchange traded fund’s stock valued at $1,426,739,000 after purchasing an additional 1,281,679 shares during the period. Valpey Financial Services LLC increased its position in shares of iShares TIPS Bond ETF by 10,997.3% during 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 purchasing an additional 2,407,090 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of iShares TIPS Bond ETF in the 4th quarter worth approximately $187,000. Pictet Asset Management Holding SA lifted its stake in shares of iShares TIPS Bond ETF by 16.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock worth $164,565,000 after purchasing an additional 214,700 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of iShares TIPS Bond ETF by 43.0% in the second quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock worth $152,991,000 after buying an additional 417,901 shares during the last quarter. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Trading Down 0.3%

Shares of NYSEARCA TIP opened at $107.49 on Friday. The firm has a 50 day moving average of $109.25 and a 200 day moving average of $110.30. The firm has a market capitalization of $14.55 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 12-month low of $107.48 and a 12-month high of $112.26.

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.