iShares TIPS Bond ETF $TIP Shares Sold by WealthNavi Inc.

WealthNavi Inc. lessened its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 727,245 shares of the exchange traded fund’s stock after selling 37,285 shares during the quarter. iShares TIPS Bond ETF accounts for approximately 0.7% of WealthNavi Inc.’s investment portfolio, making the stock its 10th biggest position. WealthNavi Inc.’s holdings in iShares TIPS Bond ETF were worth $80,884,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Gladwyn Financial Advisors Inc. bought a new position in iShares TIPS Bond ETF during the second quarter worth about $25,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of iShares TIPS Bond ETF during the 2nd quarter worth approximately $28,000. Grove Bank & Trust acquired a new position in shares of iShares TIPS Bond ETF during the 2nd quarter worth approximately $31,000. ST Germain D J Co. Inc. increased its holdings in shares of iShares TIPS Bond ETF by 160.0% during the second quarter. ST Germain D J Co. Inc. now owns 325 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 200 shares during the period. Finally, Hilltop National Bank acquired a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at approximately $36,000. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Trading Up 0.0%

Shares of TIP stock opened at $109.83 on Wednesday. The stock has a market cap of $13.95 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 1 year low of $106.09 and a 1 year high of $112.26. The stock has a 50 day simple moving average of $110.96 and a 200 day simple moving average of $110.54.

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). 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.