iShares TIPS Bond ETF $TIP Stock Sold by Wealth Forward LLC

Wealth Forward LLC decreased its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 53.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,625 shares of the exchange traded fund’s stock after selling 50,041 shares during the period. iShares TIPS Bond ETF comprises 2.0% of Wealth Forward LLC’s portfolio, making the stock its 16th largest holding. Wealth Forward LLC’s holdings in iShares TIPS Bond ETF were worth $4,539,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TIP. Focus Financial Network Inc. grew its holdings in iShares TIPS Bond ETF by 45.4% during the third quarter. Focus Financial Network Inc. now owns 3,694 shares of the exchange traded fund’s stock valued at $384,000 after purchasing an additional 1,154 shares during the period. Financial Architects LLC bought a new position in shares of iShares TIPS Bond ETF in the third quarter worth about $3,339,000. B. Riley Wealth Advisors Inc. bought a new position in shares of iShares TIPS Bond ETF in the third quarter worth about $1,259,000. Fermata Advisors LLC lifted its position in shares of iShares TIPS Bond ETF by 3.3% during the 3rd quarter. Fermata Advisors LLC now owns 46,772 shares of the exchange traded fund’s stock valued at $4,866,000 after buying an additional 1,513 shares in the last quarter. Finally, Avior Wealth Management LLC purchased a new position in shares of iShares TIPS Bond ETF during the 3rd quarter valued at about $6,769,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Up 0.1%

iShares TIPS Bond ETF stock traded up $0.10 during midday trading on Wednesday, hitting $104.67. The stock had a trading volume of 1,033,453 shares, compared to its average volume of 2,214,790. The firm’s fifty day moving average is $106.00 and its two-hundred day moving average is $108.44. The company has a market capitalization of $14.30 billion, a PE ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a 52-week low of $103.75 and a 52-week high of $112.24.

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.