iShares TIPS Bond ETF $TIP Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 444,708 shares of the exchange traded fund’s stock after buying an additional 7,767 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.36% of iShares TIPS Bond ETF worth $48,936,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TIP. Gladwyn Financial Advisors Inc. purchased a new stake in iShares TIPS Bond ETF in the second quarter valued at approximately $25,000. Oliver Lagore Vanvalin Investment Group purchased a new position in iShares TIPS Bond ETF during the second quarter worth approximately $28,000. Avalon Trust Co purchased a new position in iShares TIPS Bond ETF during the first quarter worth approximately $31,000. Grove Bank & Trust acquired a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at $31,000. Finally, ST Germain D J Co. Inc. grew its stake in shares of iShares TIPS Bond ETF by 160.0% during the 2nd quarter. ST Germain D J Co. Inc. now owns 325 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.2%

TIP stock opened at $111.26 on Friday. The company has a market cap of $14.13 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The business has a fifty day simple moving average of $111.29 and a 200-day simple moving average of $110.34. iShares TIPS Bond ETF has a 52 week low of $106.04 and a 52 week high of $112.26.

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).