Pacific Life Fund Advisors LLC Increases Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Pacific Life Fund Advisors LLC grew its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 59.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 220,683 shares of the exchange traded fund’s stock after buying an additional 82,574 shares during the quarter. iShares TIPS Bond ETF accounts for about 2.4% of Pacific Life Fund Advisors LLC’s portfolio, making the stock its 15th biggest position. Pacific Life Fund Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $23,514,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TIP. FMR LLC boosted its holdings in shares of iShares TIPS Bond ETF by 106.7% in the third quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock worth $772,234,000 after buying an additional 3,608,542 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of iShares TIPS Bond ETF by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock worth $318,257,000 after buying an additional 51,713 shares during the last quarter. Sumitomo Life Insurance Co. boosted its holdings in shares of iShares TIPS Bond ETF by 58.0% in the fourth quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock worth $155,749,000 after buying an additional 536,610 shares during the last quarter. Baldwin Wealth Partners LLC MA boosted its holdings in shares of iShares TIPS Bond ETF by 52.6% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 429,183 shares of the exchange traded fund’s stock worth $45,729,000 after buying an additional 147,849 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of iShares TIPS Bond ETF by 10,652.4% in the third quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock worth $44,412,000 after buying an additional 398,292 shares during the last quarter.

iShares TIPS Bond ETF Trading Up 0.2 %

TIP opened at $108.61 on Monday. The company has a market cap of $18.84 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The company’s 50 day moving average is $107.37 and its 200 day moving average is $108.41. iShares TIPS Bond ETF has a 12-month low of $104.67 and a 12-month 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).