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

Northwestern Mutual Wealth Management Co. cut its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 442,396 shares of the exchange traded fund’s stock after selling 8,448 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares TIPS Bond ETF were worth $48,624,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Park Avenue Securities LLC increased its position in shares of iShares TIPS Bond ETF by 339.0% during the fourth quarter. Park Avenue Securities LLC now owns 27,677 shares of the exchange traded fund’s stock valued at $3,042,000 after acquiring an additional 21,372 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in shares of iShares TIPS Bond ETF in the third quarter valued at approximately $834,000. Bank of America Corp DE boosted its stake in shares of iShares TIPS Bond ETF by 32.3% in the third quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock valued at $1,908,042,000 after purchasing an additional 4,189,926 shares during the period. Keybank National Association OH boosted its stake in shares of iShares TIPS Bond ETF by 3.0% in the fourth quarter. Keybank National Association OH now owns 635,191 shares of the exchange traded fund’s stock valued at $69,814,000 after purchasing an additional 18,437 shares during the period. Finally, Envision Financial LLC boosted its stake in shares of iShares TIPS Bond ETF by 200.0% in the fourth quarter. Envision Financial LLC now owns 9,000 shares of the exchange traded fund’s stock valued at $989,000 after purchasing an additional 6,000 shares during the period. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP opened at $111.21 on Friday. The firm has a 50 day simple moving average of $110.90 and a 200-day simple moving average of $110.75. iShares TIPS Bond ETF has a one year low of $108.07 and a one year high of $112.26. The firm has a market cap of $14.71 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27.

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). 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.