Dai ichi Life Holdings Inc. Lowers Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Dai ichi Life Holdings Inc. cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 42.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,677 shares of the exchange traded fund’s stock after selling 27,910 shares during the period. iShares TIPS Bond ETF comprises approximately 4.9% of Dai ichi Life Holdings Inc.’s holdings, making the stock its 7th largest holding. Dai ichi Life Holdings Inc.’s holdings in iShares TIPS Bond ETF were worth $4,165,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TIP. William B. Walkup & Associates Inc. bought a new stake in iShares TIPS Bond ETF during the second quarter worth about $26,000. Private Ocean LLC increased its holdings in iShares TIPS Bond ETF by 66.7% during the 2nd quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 116 shares in the last quarter. Gradient Investments LLC increased its holdings in iShares TIPS Bond ETF by 352.7% during the 2nd quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 261 shares in the last quarter. Eastern Bank bought a new position in iShares TIPS Bond ETF in the 3rd quarter valued at $37,000. Finally, Hobbs Group Advisors LLC acquired a new position in iShares TIPS Bond ETF in the second quarter worth $40,000.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock traded up $0.48 during trading hours on Monday, hitting $108.25. 104,078 shares of the company’s stock were exchanged, compared to its average volume of 1,954,265. iShares TIPS Bond ETF has a 52 week low of $104.25 and a 52 week high of $111.06. The stock has a market cap of $18.78 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The stock’s 50-day moving average is $109.04 and its 200-day moving average is $108.10.

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).