Freedom Investment Management Inc. Sells 1,381 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Freedom Investment Management Inc. reduced its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 8.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,427 shares of the exchange traded fund’s stock after selling 1,381 shares during the period. Freedom Investment Management Inc.’s holdings in iShares TIPS Bond ETF were worth $1,594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. purchased a new position in shares of iShares TIPS Bond ETF in the 2nd quarter worth $26,000. Private Ocean LLC grew its position 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 in the last quarter. Gradient Investments LLC increased its stake in iShares TIPS Bond ETF by 352.7% during the second quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 261 shares during the last quarter. Eastern Bank purchased a new stake in iShares TIPS Bond ETF during the third quarter valued at approximately $37,000. Finally, Hobbs Group Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter valued at approximately $40,000.

iShares TIPS Bond ETF Stock Performance

Shares of iShares TIPS Bond ETF stock opened at $108.45 on Thursday. The stock has a 50 day moving average price of $108.90 and a 200-day moving average price of $108.13. iShares TIPS Bond ETF has a one year low of $104.36 and a one year high of $111.06. The stock has a market cap of $18.82 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

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).