Northwest Wealth Management LLC Sells 975 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Northwest Wealth Management LLC decreased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,113 shares of the exchange traded fund’s stock after selling 975 shares during the period. Northwest Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $1,338,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TIP. William B. Walkup & Associates Inc. purchased a new position in shares of iShares TIPS Bond ETF during the second quarter valued at approximately $26,000. Private Ocean LLC lifted its stake in iShares TIPS Bond ETF by 66.7% in the second quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 116 shares during the period. Gradient Investments LLC increased its position in iShares TIPS Bond ETF by 352.7% during the 2nd quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 261 shares during the period. Eastern Bank bought a new position in iShares TIPS Bond ETF in the 3rd quarter worth $37,000. Finally, Hobbs Group Advisors LLC bought a new position in iShares TIPS Bond ETF in the 2nd quarter worth $40,000.

iShares TIPS Bond ETF Stock Down 0.4 %

Shares of TIP traded down $0.38 during trading hours on Monday, reaching $108.19. 224,140 shares of the company traded hands, compared to its average volume of 1,943,993. iShares TIPS Bond ETF has a 12 month low of $103.19 and a 12 month high of $111.06. The company’s fifty day moving average price is $109.43 and its two-hundred day moving average price is $107.95. The company has a market capitalization of $18.77 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

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).