Silverlake Wealth Management LLC Sells 295 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Silverlake Wealth Management LLC cut its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,704 shares of the exchange traded fund’s stock after selling 295 shares during the quarter. Silverlake Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $409,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TIP. Inscription Capital LLC raised its holdings in iShares TIPS Bond ETF by 78.9% during the first quarter. Inscription Capital LLC now owns 7,315 shares of the exchange traded fund’s stock valued at $782,000 after acquiring an additional 3,225 shares during the period. Confluence Wealth Services Inc. purchased a new position in iShares TIPS Bond ETF in the 2nd quarter worth approximately $213,000. TIAA Trust National Association lifted its holdings in iShares TIPS Bond ETF by 3.2% in the 2nd quarter. TIAA Trust National Association now owns 88,468 shares of the exchange traded fund’s stock worth $9,447,000 after purchasing an additional 2,776 shares in the last quarter. Buck Wealth Strategies LLC boosted its stake in iShares TIPS Bond ETF by 1,108.6% in the 2nd quarter. Buck Wealth Strategies LLC now owns 68,057 shares of the exchange traded fund’s stock worth $7,267,000 after purchasing an additional 62,426 shares during the period. Finally, Insight Wealth Strategies LLC grew its holdings in iShares TIPS Bond ETF by 2.0% during the 1st quarter. Insight Wealth Strategies LLC now owns 122,270 shares of the exchange traded fund’s stock valued at $13,133,000 after buying an additional 2,358 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $109.48 on Friday. The company’s fifty day moving average price is $109.51 and its 200-day moving average price is $107.63. iShares TIPS Bond ETF has a one year low of $102.32 and a one year high of $111.06. The company has a market capitalization of $18.99 billion, a PE 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).