Bartlett & CO. Wealth Management LLC Sells 11,615 Shares of iShares TIPS Bond ETF $TIP

Bartlett & CO. Wealth Management LLC lowered its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 42.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 15,690 shares of the exchange traded fund’s stock after selling 11,615 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $1,753,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TIP. Valpey Financial Services LLC increased its holdings in shares of iShares TIPS Bond ETF by 10,997.3% during the fourth quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock worth $266,969,000 after buying an additional 2,407,090 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at $187,000. Bank of America Corp DE boosted its holdings in shares of iShares TIPS Bond ETF by 11.0% during the 2nd quarter. Bank of America Corp DE now owns 12,965,639 shares of the exchange traded fund’s stock valued at $1,426,739,000 after acquiring an additional 1,281,679 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares TIPS Bond ETF by 176.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,103 shares of the exchange traded fund’s stock valued at $137,179,000 after acquiring an additional 797,259 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in iShares TIPS Bond ETF by 615.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 649,189 shares of the exchange traded fund’s stock worth $72,203,000 after acquiring an additional 558,456 shares during the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Up 0.3%

Shares of TIP opened at $108.27 on Friday. iShares TIPS Bond ETF has a 12-month low of $107.82 and a 12-month high of $112.26. The business has a 50-day simple moving average of $109.52 and a two-hundred day simple moving average of $110.36. The stock has a market cap of $14.55 billion, a PE ratio of 12.40 and a beta of 0.26.

iShares TIPS Bond ETF Company 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.