Fifth Third Bancorp Trims Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Fifth Third Bancorp lessened its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 24.4% in the fourth quarter, HoldingsChannel reports. The firm owned 10,099 shares of the exchange traded fund’s stock after selling 3,263 shares during the quarter. Fifth Third Bancorp’s holdings in iShares TIPS Bond ETF were worth $1,076,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of iShares TIPS Bond ETF by 1,236.9% during the second quarter. The Manufacturers Life Insurance Company now owns 29,666 shares of the exchange traded fund’s stock valued at $3,168,000 after purchasing an additional 27,447 shares during the last quarter. NewEdge Advisors LLC raised its stake in iShares TIPS Bond ETF by 41.4% during the second quarter. NewEdge Advisors LLC now owns 57,987 shares of the exchange traded fund’s stock valued at $6,192,000 after buying an additional 16,970 shares during the last quarter. Regal Investment Advisors LLC raised its stake in iShares TIPS Bond ETF by 2.0% during the second quarter. Regal Investment Advisors LLC now owns 5,509 shares of the exchange traded fund’s stock valued at $588,000 after buying an additional 108 shares during the last quarter. Cetera Investment Advisers boosted its holdings in iShares TIPS Bond ETF by 5.0% in the second quarter. Cetera Investment Advisers now owns 443,962 shares of the exchange traded fund’s stock worth $47,406,000 after acquiring an additional 21,268 shares in the last quarter. Finally, New Century Financial Group LLC purchased a new stake in shares of iShares TIPS Bond ETF in the second quarter worth $256,000.

iShares TIPS Bond ETF Price Performance

Shares of iShares TIPS Bond ETF stock opened at $107.82 on Thursday. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.06. The firm’s 50-day moving average is $107.38 and its 200 day moving average is $108.33. The stock has a market cap of $18.71 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

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).