Dai ichi Life Holdings Inc. Cuts Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Dai ichi Life Holdings Inc. cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 42.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,677 shares of the exchange traded fund’s stock after selling 27,910 shares during the period. iShares TIPS Bond ETF makes up 4.9% of Dai ichi Life Holdings Inc.’s holdings, making the stock its 7th largest position. Dai ichi Life Holdings Inc.’s holdings in iShares TIPS Bond ETF were worth $4,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. acquired a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at approximately $102,200,000. Envestnet Asset Management Inc. increased its stake in iShares TIPS Bond ETF by 12.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock valued at $388,581,000 after buying an additional 410,284 shares during the last quarter. International Assets Investment Management LLC lifted its position in iShares TIPS Bond ETF by 10,652.4% during the 3rd quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock worth $44,412,000 after buying an additional 398,292 shares in the last quarter. Quotient Wealth Partners LLC boosted its stake in shares of iShares TIPS Bond ETF by 6,782.8% during the 2nd quarter. Quotient Wealth Partners LLC now owns 370,846 shares of the exchange traded fund’s stock worth $39,599,000 after buying an additional 365,458 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of iShares TIPS Bond ETF by 192.4% in the 1st quarter. Cetera Investment Advisers now owns 422,694 shares of the exchange traded fund’s stock valued at $45,402,000 after acquiring an additional 278,153 shares in the last quarter.

iShares TIPS Bond ETF Price Performance

TIP stock traded up $0.48 during mid-day trading on Monday, reaching $108.25. The company had a trading volume of 104,078 shares, compared to its average volume of 1,954,265. The company has a market capitalization of $18.78 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 52 week low of $104.25 and a 52 week high of $111.06. The stock has a 50 day simple moving average of $109.04 and a two-hundred day simple moving average of $108.10.

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).