iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Acquired by Royal Bank of Canada

Royal Bank of Canada increased its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 13.0% during the 4th quarter, Holdings Channel reports. The fund owned 589,521 shares of the exchange traded fund’s stock after purchasing an additional 68,051 shares during the quarter. Royal Bank of Canada’s holdings in iShares TIPS Bond ETF were worth $62,813,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TIP. Assetmark Inc. raised its stake in shares of 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 valued at $154,764,000 after acquiring an additional 1,378,094 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of iShares TIPS Bond ETF by 3,416.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,044,440 shares of the exchange traded fund’s stock valued at $111,285,000 after acquiring an additional 1,014,735 shares in the last quarter. FMR LLC raised its stake in shares of iShares TIPS Bond ETF by 10.6% in the fourth quarter. FMR LLC now owns 7,729,985 shares of the exchange traded fund’s stock valued at $823,630,000 after acquiring an additional 739,540 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at $76,533,000. Finally, Sumitomo Life Insurance Co. raised its stake in shares of iShares TIPS Bond ETF by 58.0% in the fourth quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock valued at $155,749,000 after acquiring an additional 536,610 shares in the last quarter.

iShares TIPS Bond ETF Trading Down 0.1%

Shares of NYSEARCA TIP opened at $108.73 on Wednesday. The stock has a market cap of $13.83 billion, a P/E ratio of 12.40 and a beta of 0.29. iShares TIPS Bond ETF has a 12-month low of $104.69 and a 12-month high of $111.51. The business’s fifty day simple moving average is $109.40 and its 200-day simple moving average is $108.48.

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).