Sumitomo Mitsui Financial Group Inc. Grows Stake in iShares TIPS Bond ETF $TIP

Sumitomo Mitsui Financial Group Inc. increased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 9.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 64,923 shares of the exchange traded fund’s stock after acquiring an additional 5,808 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in iShares TIPS Bond ETF were worth $7,136,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Bank of America Corp DE grew its holdings in iShares TIPS Bond ETF by 32.3% during the 3rd 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 in the last quarter. Valpey Financial Services LLC grew its holdings in iShares TIPS Bond ETF by 10,997.3% during the 4th 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 in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new position in iShares TIPS Bond ETF during the 4th quarter valued at approximately $187,000. Sumitomo Life Insurance Co. grew its holdings in iShares TIPS Bond ETF by 44.3% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 1,471,634 shares of the exchange traded fund’s stock valued at $163,675,000 after buying an additional 451,450 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in iShares TIPS Bond ETF by 43.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock valued at $152,991,000 after buying an additional 417,901 shares in the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

NYSEARCA TIP opened at $109.60 on Friday. The stock has a market capitalization of $14.50 billion, a PE ratio of 12.40 and a beta of 0.26. The business has a 50 day simple moving average of $110.79 and a two-hundred day simple moving average of $110.66. iShares TIPS Bond ETF has a 1-year low of $108.38 and a 1-year high of $112.26.

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.