Fifth Third Bancorp Acquires 43,084 Shares of iShares TIPS Bond ETF $TIP

Fifth Third Bancorp increased its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 694.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,291 shares of the exchange traded fund’s stock after acquiring an additional 43,084 shares during the period. Fifth Third Bancorp’s holdings in iShares TIPS Bond ETF were worth $5,440,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Park Avenue Securities LLC raised its stake in shares of iShares TIPS Bond ETF by 339.0% in the fourth quarter. Park Avenue Securities LLC now owns 27,677 shares of the exchange traded fund’s stock valued at $3,042,000 after acquiring an additional 21,372 shares during the period. Keybank National Association OH lifted its holdings in shares of iShares TIPS Bond ETF by 3.0% in the 4th quarter. Keybank National Association OH now owns 635,191 shares of the exchange traded fund’s stock worth $69,814,000 after acquiring an additional 18,437 shares during the last quarter. Envision Financial LLC boosted its stake in shares of iShares TIPS Bond ETF by 200.0% during the 4th quarter. Envision Financial LLC now owns 9,000 shares of the exchange traded fund’s stock worth $989,000 after purchasing an additional 6,000 shares during the period. Calder Financial LLC purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth about $1,342,000. Finally, Mezzasalma Advisors LLC grew its holdings in iShares TIPS Bond ETF by 106.0% during the 4th quarter. Mezzasalma Advisors LLC now owns 46,410 shares of the exchange traded fund’s stock valued at $5,099,000 after purchasing an additional 23,884 shares during the last quarter. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Trading Up 0.3%

Shares of NYSEARCA:TIP opened at $108.27 on Friday. iShares TIPS Bond ETF has a 12 month low of $107.82 and a 12 month high of $112.26. The company has a market capitalization of $14.55 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The firm’s 50-day moving average is $109.52 and its 200 day moving average is $110.36.

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.