BNP Paribas Financial Markets Has $17.16 Million Stock Holdings in iShares TIPS Bond ETF $TIP

BNP Paribas Financial Markets lowered its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 76.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 156,078 shares of the exchange traded fund’s stock after selling 493,111 shares during the period. BNP Paribas Financial Markets owned approximately 0.12% of iShares TIPS Bond ETF worth $17,155,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in iShares TIPS Bond ETF by 32.3% in the third quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock valued at $1,908,042,000 after buying an additional 4,189,926 shares during the period. Valpey Financial Services LLC lifted its stake in iShares TIPS Bond ETF by 10,997.3% in the fourth quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock valued at $266,969,000 after buying an additional 2,407,090 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in iShares TIPS Bond ETF in the fourth quarter valued at approximately $187,000. Northwestern Mutual Wealth Management Co. lifted its stake in iShares TIPS Bond ETF by 176.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,103 shares of the exchange traded fund’s stock valued at $137,179,000 after buying an additional 797,259 shares during the period. Finally, GenTrust LLC lifted its stake in iShares TIPS Bond ETF by 209.9% in the fourth quarter. GenTrust LLC now owns 695,525 shares of the exchange traded fund’s stock valued at $76,445,000 after buying an additional 471,102 shares during the period. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $109.25 on Friday. The stock’s 50 day simple moving average is $110.84 and its 200 day simple moving average is $110.71. iShares TIPS Bond ETF has a fifty-two week low of $108.07 and a fifty-two week high of $112.26. The company has a market cap of $14.45 billion, a P/E ratio of 12.40 and a beta of 0.26.

iShares TIPS Bond ETF Company 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.