Deutsche Bank AG cut its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 54.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,557 shares of the exchange traded fund’s stock after selling 27,153 shares during the period. Deutsche Bank AG’s holdings in iShares TIPS Bond ETF were worth $2,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $26,000. Transce3nd LLC purchased a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at approximately $29,000. Mainstream Capital Management LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $30,000. Biltmore Family Office LLC acquired a new stake in iShares TIPS Bond ETF in the 4th quarter valued at $32,000. Finally, Kestra Investment Management LLC acquired a new position in iShares TIPS Bond ETF during the fourth quarter worth $45,000.
iShares TIPS Bond ETF Stock Up 0.3%
TIP opened at $108.46 on Friday. iShares TIPS Bond ETF has a twelve month low of $104.69 and a twelve month high of $111.51. The company has a market cap of $13.80 billion, a PE ratio of 12.40 and a beta of 0.29. The company has a 50-day moving average price of $109.35 and a 200 day moving average price of $108.49.
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).
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