iShares TIPS Bond ETF $TIP Shares Sold by Turim 21 Investimentos Ltda.

Turim 21 Investimentos Ltda. decreased its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 83.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,570 shares of the exchange traded fund’s stock after selling 33,221 shares during the quarter. iShares TIPS Bond ETF accounts for approximately 0.3% of Turim 21 Investimentos Ltda.’s investment portfolio, making the stock its 24th largest holding. Turim 21 Investimentos Ltda.’s holdings in iShares TIPS Bond ETF were worth $722,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of iShares TIPS Bond ETF by 32.3% during the third quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock worth $1,908,042,000 after purchasing an additional 4,189,926 shares during the period. Valpey Financial Services LLC lifted its holdings in shares of iShares TIPS Bond ETF by 10,997.3% during the fourth quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock worth $266,969,000 after purchasing an additional 2,407,090 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of iShares TIPS Bond ETF during the fourth quarter worth about $187,000. Sumitomo Life Insurance Co. lifted its holdings in shares of iShares TIPS Bond ETF by 44.3% during the third quarter. Sumitomo Life Insurance Co. now owns 1,471,634 shares of the exchange traded fund’s stock worth $163,675,000 after purchasing an additional 451,450 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of iShares TIPS Bond ETF by 43.0% during 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 period. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

iShares TIPS Bond ETF stock opened at $109.76 on Wednesday. iShares TIPS Bond ETF has a 52 week low of $108.57 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 $110.73 and a 200 day moving average price of $110.63.

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). 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.