Northwestern Mutual Wealth Management Co. Raises Stock Holdings in iShares TIPS Bond ETF $TIP

Northwestern Mutual Wealth Management Co. grew its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 176.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,248,103 shares of the exchange traded fund’s stock after acquiring an additional 797,259 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares TIPS Bond ETF were worth $137,179,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TIP. Bank of America Corp DE lifted its position in shares of iShares TIPS Bond ETF by 32.3% in 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. Mitsubishi UFJ Trust & Banking Corp purchased a new position in iShares TIPS Bond ETF during the fourth quarter worth about $187,000. BNP Paribas Financial Markets lifted its position in 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 worth $72,203,000 after buying an additional 558,456 shares during the period. GenTrust LLC lifted its position in iShares TIPS Bond ETF by 209.9% during the fourth quarter. GenTrust LLC now owns 695,525 shares of the exchange traded fund’s stock worth $76,445,000 after buying an additional 471,102 shares during the period. Finally, Sumitomo Life Insurance Co. lifted its position in 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 worth $163,675,000 after buying an additional 451,450 shares during the period. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Trading Down 0.4%

NYSEARCA TIP opened at $110.61 on Friday. The business’s 50-day moving average price is $111.01 and its 200 day moving average price is $110.79. iShares TIPS Bond ETF has a twelve month low of $107.98 and a twelve month high of $112.26. The company has a market capitalization of $14.63 billion, a PE ratio of 12.40 and a beta of 0.27.

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.