Prudential Financial Inc. Reduces Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Prudential Financial Inc. trimmed its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 69.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 110,951 shares of the exchange traded fund’s stock after selling 251,289 shares during the quarter. Prudential Financial Inc.’s holdings in iShares TIPS Bond ETF were worth $11,922,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC boosted its stake in shares of iShares TIPS Bond ETF by 106.7% in the 3rd 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. Benjamin Edwards Inc. bought a new position in iShares TIPS Bond ETF in the third quarter valued at about $593,000. Mission Creek Capital Partners Inc. boosted its position in iShares TIPS Bond ETF by 87.5% in the third quarter. Mission Creek Capital Partners Inc. now owns 5,913 shares of the exchange traded fund’s stock worth $653,000 after purchasing an additional 2,760 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter valued at about $279,000. Finally, Orion Portfolio Solutions LLC increased its position in shares of iShares TIPS Bond ETF by 64.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 156,180 shares of the exchange traded fund’s stock valued at $17,253,000 after purchasing an additional 61,144 shares during the last quarter.

iShares TIPS Bond ETF Trading Up 0.5 %

Shares of TIP stock opened at $110.65 on Friday. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.06. The stock has a market cap of $14.41 billion, a P/E ratio of 12.32 and a beta of 0.28. The company has a 50 day simple moving average of $108.99 and a two-hundred day simple moving average of $108.58.

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).