Hsbc Holdings PLC Lowers Position in iShares TIPS Bond ETF $TIP

Hsbc Holdings PLC trimmed its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 40.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 309,639 shares of the exchange traded fund’s stock after selling 210,138 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares TIPS Bond ETF were worth $34,178,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TIP. First Horizon Corp increased its position in shares of iShares TIPS Bond ETF by 7.0% during the first quarter. First Horizon Corp now owns 32,617 shares of the exchange traded fund’s stock valued at $3,600,000 after acquiring an additional 2,126 shares during the last quarter. Stronghold Wealth Management L.L.C. boosted its position in shares of iShares TIPS Bond ETF by 37.0% during the 1st quarter. Stronghold Wealth Management L.L.C. now owns 3,952 shares of the exchange traded fund’s stock worth $436,000 after purchasing an additional 1,067 shares during the period. Kestra Advisory Services LLC boosted its position in shares of iShares TIPS Bond ETF by 17.7% during the 1st quarter. Kestra Advisory Services LLC now owns 71,049 shares of the exchange traded fund’s stock worth $7,841,000 after purchasing an additional 10,692 shares during the period. Money Concepts Capital Corp increased its holdings in iShares TIPS Bond ETF by 39.8% in the 1st quarter. Money Concepts Capital Corp now owns 19,109 shares of the exchange traded fund’s stock valued at $2,109,000 after purchasing an additional 5,445 shares during the last quarter. Finally, American Capital Advisory LLC purchased a new stake in iShares TIPS Bond ETF in the first quarter valued at approximately $98,000. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Down 0.2%

Shares of NYSEARCA TIP opened at $108.05 on Tuesday. The business’s 50 day moving average is $109.46 and its two-hundred day moving average is $110.34. iShares TIPS Bond ETF has a 52-week low of $107.82 and a 52-week high of $112.26. The firm has a market cap of $14.57 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

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.