Hsbc Holdings PLC Has $57.13 Million Stake in iShares TIPS Bond ETF $TIP

Hsbc Holdings PLC decreased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 16.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 519,777 shares of the exchange traded fund’s stock after selling 100,122 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares TIPS Bond ETF were worth $57,134,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. TD Capital Management LLC bought a new position in iShares TIPS Bond ETF during the fourth quarter valued at approximately $25,000. Evolution Wealth Management Inc. bought a new stake in iShares TIPS Bond ETF in the fourth quarter worth approximately $26,000. Woodside Wealth Management LLC grew its position in iShares TIPS Bond ETF by 167.8% in the fourth quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 151 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth $28,000. Finally, Holos Integrated Wealth LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth $29,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Down 0.4%

iShares TIPS Bond ETF stock opened at $108.94 on Tuesday. iShares TIPS Bond ETF has a 1-year low of $108.93 and a 1-year high of $112.26. The firm’s fifty day simple moving average is $110.59 and its 200-day simple moving average is $110.58. The company has a market capitalization of $14.41 billion, a P/E ratio of 12.40 and a beta of 0.26.

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.