WealthNavi Inc. Sells 42,520 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

WealthNavi Inc. cut its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 841,524 shares of the exchange traded fund’s stock after selling 42,520 shares during the quarter. iShares TIPS Bond ETF makes up about 1.0% of WealthNavi Inc.’s holdings, making the stock its 10th biggest position. WealthNavi Inc. owned about 0.49% of iShares TIPS Bond ETF worth $89,664,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TIP. Kohmann Bosshard Financial Services LLC acquired a new stake in iShares TIPS Bond ETF in the 4th quarter worth $26,000. Mainstream Capital Management LLC acquired a new stake in iShares TIPS Bond ETF in the 4th quarter worth $30,000. Kestra Investment Management LLC acquired a new stake in iShares TIPS Bond ETF in the 4th quarter worth $45,000. GPS Wealth Strategies Group LLC grew its position in iShares TIPS Bond ETF by 26.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 100 shares during the last quarter. Finally, Centricity Wealth Management LLC acquired a new stake in iShares TIPS Bond ETF in the 4th quarter worth $82,000.

iShares TIPS Bond ETF Price Performance

NYSEARCA TIP opened at $109.69 on Thursday. The firm has a market capitalization of $14.04 billion, a price-to-earnings ratio of 12.25 and a beta of 0.26. The company’s fifty day moving average is $107.89 and its two-hundred day moving average is $108.50. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06.

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).