Pacific Life Fund Advisors LLC Reduces Stock Position in iShares TIPS Bond ETF $TIP

Pacific Life Fund Advisors LLC cut its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 30.5% during the first quarter, Holdings Channel reports. The institutional investor owned 120,173 shares of the exchange traded fund’s stock after selling 52,694 shares during the period. iShares TIPS Bond ETF makes up about 1.5% of Pacific Life Fund Advisors LLC’s holdings, making the stock its 16th largest position. Pacific Life Fund Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $13,262,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. TD Capital Management LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth about $25,000. Evolution Wealth Management Inc. acquired a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth about $26,000. Woodside Wealth Management LLC raised its position in shares of iShares TIPS Bond ETF by 167.8% during the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 151 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in iShares TIPS Bond ETF during the fourth quarter worth approximately $28,000. Finally, Holos Integrated Wealth LLC purchased a new stake in iShares TIPS Bond ETF during the fourth quarter worth approximately $29,000. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $108.13 on Monday. The stock has a 50 day moving average price of $109.84 and a 200 day moving average price of $110.43. The company has a market capitalization of $14.48 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 52-week low of $107.98 and a 52-week high of $112.26.

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.