Hsbc Holdings PLC Sells 611,494 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Hsbc Holdings PLC lessened its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 53.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 529,716 shares of the exchange traded fund’s stock after selling 611,494 shares during the quarter. Hsbc Holdings PLC owned 0.31% of iShares TIPS Bond ETF worth $56,616,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TIP. Gryphon Financial Partners LLC increased its stake in iShares TIPS Bond ETF by 73.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 10,900 shares of the exchange traded fund’s stock worth $1,172,000 after buying an additional 4,624 shares during the period. Principal Financial Group Inc. increased its stake in iShares TIPS Bond ETF by 12.4% in the 4th quarter. Principal Financial Group Inc. now owns 13,460 shares of the exchange traded fund’s stock worth $1,447,000 after buying an additional 1,488 shares during the period. Orion Portfolio Solutions LLC increased its stake in iShares TIPS Bond ETF by 16.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 75,959 shares of the exchange traded fund’s stock worth $8,132,000 after buying an additional 10,543 shares during the period. Congress Wealth Management LLC DE increased its stake in iShares TIPS Bond ETF by 13.7% in the 4th quarter. Congress Wealth Management LLC DE now owns 13,346 shares of the exchange traded fund’s stock worth $1,435,000 after buying an additional 1,608 shares during the period. Finally, Sepio Capital LP purchased a new position in iShares TIPS Bond ETF in the 4th quarter worth about $1,226,000.

iShares TIPS Bond ETF Price Performance

TIP stock opened at $110.55 on Friday. The company has a market capitalization of $19.18 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12 month low of $101.74 and a 12 month high of $111.06. The firm’s 50-day moving average is $108.77 and its 200 day moving average is $107.31.

iShares TIPS Bond ETF Company 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).