TME Financial Inc. Reduces Holdings in iShares TIPS Bond ETF $TIP

TME Financial Inc. cut its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 9.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,089 shares of the exchange traded fund’s stock after selling 8,207 shares during the quarter. iShares TIPS Bond ETF makes up approximately 6.0% of TME Financial Inc.’s holdings, making the stock its 4th biggest holding. TME Financial Inc. owned about 0.06% of iShares TIPS Bond ETF worth $8,473,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TIP. Bank of America Corp DE raised its stake in shares of iShares TIPS Bond ETF by 32.3% during the third quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock valued at $1,908,042,000 after acquiring an additional 4,189,926 shares in the last quarter. BNP Paribas Financial Markets raised its stake 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 valued at $72,203,000 after acquiring an additional 558,456 shares in the last quarter. Sumitomo Life Insurance Co. raised its stake in shares of iShares TIPS Bond ETF by 44.3% during the third quarter. Sumitomo Life Insurance Co. now owns 1,471,634 shares of the exchange traded fund’s stock valued at $163,675,000 after acquiring an additional 451,450 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of iShares TIPS Bond ETF by 43.0% during the second quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock valued at $152,991,000 after acquiring an additional 417,901 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of iShares TIPS Bond ETF by 672.9% during the second quarter. The Manufacturers Life Insurance Company now owns 334,716 shares of the exchange traded fund’s stock valued at $36,832,000 after acquiring an additional 291,412 shares in the last quarter. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock opened at $111.48 on Friday. The company has a 50 day moving average price of $111.01 and a 200-day moving average price of $110.83. iShares TIPS Bond ETF has a fifty-two week low of $107.98 and a fifty-two week high of $112.26. The company has a market capitalization of $14.34 billion, a PE ratio of 12.40 and a beta of 0.28.

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.