Deutsche Bank AG Sells 1,940 Shares of iShares TIPS Bond ETF $TIP

Deutsche Bank AG cut its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 8.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,617 shares of the exchange traded fund’s stock after selling 1,940 shares during the period. Deutsche Bank AG’s holdings in iShares TIPS Bond ETF were worth $2,290,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TIP. Envestnet Asset Management Inc. grew its holdings in shares of iShares TIPS Bond ETF by 7.0% during the first quarter. Envestnet Asset Management Inc. now owns 2,161,741 shares of the exchange traded fund’s stock worth $240,148,000 after purchasing an additional 141,703 shares in the last quarter. Sumitomo Life Insurance Co. grew its holdings in shares of iShares TIPS Bond ETF by 10.0% during the first quarter. Sumitomo Life Insurance Co. now owns 1,607,733 shares of the exchange traded fund’s stock worth $178,603,000 after purchasing an additional 145,987 shares in the last quarter. 3EDGE Asset Management LP grew its holdings in shares of iShares TIPS Bond ETF by 96.5% during the first quarter. 3EDGE Asset Management LP now owns 1,561,824 shares of the exchange traded fund’s stock worth $173,431,000 after purchasing an additional 766,851 shares in the last quarter. LPL Financial LLC grew its holdings in shares of iShares TIPS Bond ETF by 3.2% during the first quarter. LPL Financial LLC now owns 1,138,764 shares of the exchange traded fund’s stock worth $126,505,000 after purchasing an additional 34,866 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of iShares TIPS Bond ETF by 3,416.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,044,440 shares of the exchange traded fund’s stock worth $111,285,000 after purchasing an additional 1,014,735 shares in the last quarter. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Trading Up 0.1%

Shares of NYSEARCA TIP opened at $110.15 on Thursday. iShares TIPS Bond ETF has a 12 month low of $106.04 and a 12 month high of $111.50. The firm has a market capitalization of $13.72 billion, a price-to-earnings ratio of 12.40 and a beta of 0.19. The business has a 50-day moving average of $109.69 and a 200-day moving average of $109.35.

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).