Prudential Financial Inc. Sells 251,289 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Prudential Financial Inc. lessened its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 69.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,951 shares of the exchange traded fund’s stock after selling 251,289 shares during the period. Prudential Financial Inc. owned 0.06% of iShares TIPS Bond ETF worth $11,922,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth approximately $26,000. Mainstream Capital Management LLC purchased a new stake in shares of iShares TIPS Bond ETF in the fourth quarter worth $30,000. Kestra Investment Management LLC bought a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at $45,000. Runnymede Capital Advisors Inc. purchased a new position in shares of iShares TIPS Bond ETF in the 4th quarter worth about $47,000. Finally, GPS Wealth Strategies Group LLC grew its position in iShares TIPS Bond ETF by 26.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 100 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $110.65 on Friday. The firm has a market cap of $14.41 billion, a P/E ratio of 12.32 and a beta of 0.28. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.06. The firm has a 50-day simple moving average of $108.99 and a two-hundred day simple moving average of $108.58.

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).