WealthNavi Inc. Decreases Stock Holdings in iShares TIPS Bond ETF $TIP

WealthNavi Inc. lowered its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 654,936 shares of the exchange traded fund’s stock after selling 37,596 shares during the period. iShares TIPS Bond ETF accounts for 0.6% of WealthNavi Inc.’s portfolio, making the stock its 10th largest position. WealthNavi Inc.’s holdings in iShares TIPS Bond ETF were worth $72,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Foster & Motley Inc. lifted its holdings in iShares TIPS Bond ETF by 0.3% during the 1st quarter. Foster & Motley Inc. now owns 33,038 shares of the exchange traded fund’s stock worth $3,646,000 after buying an additional 92 shares in the last quarter. OLD National Bancorp IN increased its stake in shares of iShares TIPS Bond ETF by 102.6% in the 1st quarter. OLD National Bancorp IN now owns 3,914 shares of the exchange traded fund’s stock valued at $432,000 after buying an additional 1,982 shares during the period. Parkway Wealth Management Group LLC raised its position in shares of iShares TIPS Bond ETF by 3.6% during the first quarter. Parkway Wealth Management Group LLC now owns 107,767 shares of the exchange traded fund’s stock worth $11,958,000 after acquiring an additional 3,715 shares during the last quarter. Fairvoy Private Wealth LLC bought a new position in iShares TIPS Bond ETF in the first quarter valued at about $6,954,000. Finally, Kestra Private Wealth Services LLC increased its position in iShares TIPS Bond ETF by 5.0% in the first quarter. Kestra Private Wealth Services LLC now owns 10,572 shares of the exchange traded fund’s stock worth $1,167,000 after purchasing an additional 504 shares during the period. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Up 0.2%

Shares of NYSEARCA TIP opened at $109.50 on Friday. iShares TIPS Bond ETF has a 1 year low of $108.88 and a 1 year high of $112.26. The firm’s 50-day moving average is $110.47 and its 200-day moving average is $110.55. The firm has a market capitalization of $14.49 billion, a PE 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.