Legacy PCG LLC Reduces Position in iShares TIPS Bond ETF $TIP

Legacy PCG LLC trimmed its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 82.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 4,268 shares of the exchange traded fund’s stock after selling 19,887 shares during the period. iShares TIPS Bond ETF accounts for 2.5% of Legacy PCG LLC’s investment portfolio, making the stock its 11th biggest holding. Legacy PCG LLC’s holdings in iShares TIPS Bond ETF were worth $471,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TIP. Bank of America Corp DE lifted its position in iShares TIPS Bond ETF by 11.0% during the 2nd quarter. Bank of America Corp DE now owns 12,965,639 shares of the exchange traded fund’s stock worth $1,426,739,000 after acquiring an additional 1,281,679 shares during the period. Valpey Financial Services LLC increased its holdings in shares of iShares TIPS Bond ETF by 10,997.3% in 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 during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $187,000. Pictet Asset Management Holding SA increased its holdings in shares of iShares TIPS Bond ETF by 16.8% in the first quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock valued at $164,565,000 after purchasing an additional 214,700 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of 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 purchasing an additional 417,901 shares during the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

iShares TIPS Bond ETF stock opened at $107.50 on Monday. iShares TIPS Bond ETF has a 52 week low of $107.48 and a 52 week high of $112.26. The company has a market capitalization of $14.52 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The stock has a 50-day moving average price of $109.19 and a 200 day moving average price of $110.28.

iShares TIPS Bond ETF Company 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.