BNP Paribas Financial Markets Lowers Position in iShares TIPS Bond ETF $TIP

BNP Paribas Financial Markets cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 76.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 156,078 shares of the exchange traded fund’s stock after selling 493,111 shares during the quarter. BNP Paribas Financial Markets’ holdings in iShares TIPS Bond ETF were worth $17,155,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TIP. Woodside Wealth Management LLC raised its stake in shares of iShares TIPS Bond ETF by 167.8% in the fourth quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 151 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF in the fourth quarter worth approximately $28,000. Holos Integrated Wealth LLC purchased a new stake in shares of iShares TIPS Bond ETF in the fourth quarter worth approximately $29,000. Pittenger & Anderson Inc. purchased a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at approximately $34,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at approximately $36,000. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Trading Down 0.5%

Shares of TIP opened at $109.25 on Friday. The company has a market capitalization of $14.45 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The stock has a 50 day moving average of $110.84 and a 200 day moving average of $110.71. iShares TIPS Bond ETF has a 12 month low of $108.07 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.