Wealth Forward LLC Decreases Stock Position in iShares TIPS Bond ETF $TIP

Wealth Forward LLC lowered its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 12.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 91,391 shares of the exchange traded fund’s stock after selling 12,539 shares during the period. iShares TIPS Bond ETF accounts for 5.9% of Wealth Forward LLC’s portfolio, making the stock its 7th largest position. Wealth Forward LLC’s holdings in iShares TIPS Bond ETF were worth $10,165,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Gould Asset Management LLC CA increased its stake in iShares TIPS Bond ETF by 1.1% in the third quarter. Gould Asset Management LLC CA now owns 8,262 shares of the exchange traded fund’s stock valued at $919,000 after acquiring an additional 90 shares during the last quarter. Daymark Wealth Partners LLC boosted its holdings in shares of iShares TIPS Bond ETF by 1.3% in the 2nd quarter. Daymark Wealth Partners LLC now owns 6,946 shares of the exchange traded fund’s stock worth $764,000 after purchasing an additional 92 shares in the last quarter. Fiducient Advisors LLC increased its position in shares of iShares TIPS Bond ETF by 0.7% during the 2nd quarter. Fiducient Advisors LLC now owns 13,725 shares of the exchange traded fund’s stock valued at $1,510,000 after purchasing an additional 92 shares during the last quarter. Lyell Wealth Management LP raised its holdings in shares of iShares TIPS Bond ETF by 0.4% during the 2nd quarter. Lyell Wealth Management LP now owns 24,308 shares of the exchange traded fund’s stock valued at $2,675,000 after buying an additional 95 shares in the last quarter. Finally, WealthShield Partners LLC raised its holdings in shares of iShares TIPS Bond ETF by 5.2% during the 2nd quarter. WealthShield Partners LLC now owns 2,006 shares of the exchange traded fund’s stock valued at $221,000 after buying an additional 99 shares in the last quarter. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Price Performance

Shares of TIP opened at $110.81 on Thursday. iShares TIPS Bond ETF has a 1 year low of $106.47 and a 1 year high of $112.26. The stock has a 50 day simple moving average of $110.24 and a two-hundred day simple moving average of $110.77. The firm has a market cap of $13.88 billion, a P/E ratio of 12.40 and a beta of 0.26.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.