WealthNavi Inc. Has $89.66 Million Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

WealthNavi Inc. trimmed its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 841,524 shares of the exchange traded fund’s stock after selling 42,520 shares during the period. iShares TIPS Bond ETF makes up about 1.0% of WealthNavi Inc.’s investment portfolio, making the stock its 10th biggest position. WealthNavi Inc.’s holdings in iShares TIPS Bond ETF were worth $89,664,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TIP. FMR LLC lifted its holdings in shares of iShares TIPS Bond ETF by 106.7% during the 3rd quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock worth $772,234,000 after acquiring an additional 3,608,542 shares during the period. Assetmark Inc. lifted its holdings in shares of iShares TIPS Bond ETF by 1,852.1% during the 4th quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock worth $154,764,000 after acquiring an additional 1,378,094 shares during the period. Sumitomo Life Insurance Co. lifted its holdings in shares of iShares TIPS Bond ETF by 58.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock worth $155,749,000 after acquiring an additional 536,610 shares during the period. Dynasty Wealth Management LLC bought a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth about $42,463,000. Finally, Raymond James Financial Inc. bought a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $37,033,000.

iShares TIPS Bond ETF Stock Down 0.5 %

Shares of TIP stock opened at $109.69 on Thursday. iShares TIPS Bond ETF has a 12-month low of $104.67 and a 12-month high of $111.06. The company has a market capitalization of $14.04 billion, a P/E ratio of 12.25 and a beta of 0.26. The firm has a 50-day moving average price of $107.89 and a 200 day moving average price of $108.50.

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).