Turim 21 Investimentos Ltda. Sells 33,221 Shares of iShares TIPS Bond ETF $TIP

Turim 21 Investimentos Ltda. lowered its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 83.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,570 shares of the exchange traded fund’s stock after selling 33,221 shares during the quarter. iShares TIPS Bond ETF comprises 0.3% of Turim 21 Investimentos Ltda.’s holdings, making the stock its 24th largest holding. Turim 21 Investimentos Ltda.’s holdings in iShares TIPS Bond ETF were worth $722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in 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 purchasing an additional 4,189,926 shares in the last quarter. Valpey Financial Services LLC boosted its position in iShares TIPS Bond ETF by 10,997.3% during the fourth quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock valued at $266,969,000 after purchasing an additional 2,407,090 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in iShares TIPS Bond ETF in the fourth quarter worth about $187,000. Sumitomo Life Insurance Co. boosted its holdings in iShares TIPS Bond ETF by 44.3% in 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 acquiring an additional 451,450 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in iShares TIPS Bond ETF by 43.0% in the second quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock worth $152,991,000 after acquiring an additional 417,901 shares in the last quarter. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $109.76 on Wednesday. The company has a market cap of $14.52 billion, a PE ratio of 12.40 and a beta of 0.26. The business has a 50-day simple moving average of $110.73 and a two-hundred day simple moving average of $110.63. iShares TIPS Bond ETF has a fifty-two week low of $108.57 and a fifty-two week 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.