Northwest Wealth Management LLC Sells 2,008 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Northwest Wealth Management LLC reduced its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 16.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,105 shares of the exchange traded fund’s stock after selling 2,008 shares during the quarter. Northwest Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $1,077,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TIP. Axxcess Wealth Management LLC bought a new position in shares of iShares TIPS Bond ETF during the third quarter worth about $201,000. First National Trust Co grew its holdings in shares of iShares TIPS Bond ETF by 12.3% during the third quarter. First National Trust Co now owns 4,865 shares of the exchange traded fund’s stock worth $537,000 after buying an additional 533 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of iShares TIPS Bond ETF by 20.9% during the third quarter. Oppenheimer & Co. Inc. now owns 16,120 shares of the exchange traded fund’s stock worth $1,781,000 after buying an additional 2,782 shares in the last quarter. Florin Court Capital LLP grew its holdings in shares of iShares TIPS Bond ETF by 168.8% during the third quarter. Florin Court Capital LLP now owns 12,900 shares of the exchange traded fund’s stock worth $1,425,000 after buying an additional 8,100 shares in the last quarter. Finally, Connable Office Inc. grew its holdings in shares of iShares TIPS Bond ETF by 128.8% during the third quarter. Connable Office Inc. now owns 56,684 shares of the exchange traded fund’s stock worth $6,262,000 after buying an additional 31,910 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $109.68 on Friday. The company has a market cap of $14.04 billion, a PE ratio of 12.25 and a beta of 0.26. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06. The stock has a 50-day simple moving average of $108.26 and a 200 day simple moving average of $108.53.

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).