TrinityPoint Wealth LLC Reduces Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

TrinityPoint Wealth LLC cut its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 6.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,265 shares of the exchange traded fund’s stock after selling 1,864 shares during the period. TrinityPoint Wealth LLC’s holdings in iShares TIPS Bond ETF were worth $3,012,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Westfuller Advisors LLC acquired a new position in iShares TIPS Bond ETF in the 3rd quarter worth approximately $921,000. Chesapeake Capital Corp IL increased its stake in shares of iShares TIPS Bond ETF by 27.9% in the third quarter. Chesapeake Capital Corp IL now owns 16,902 shares of the exchange traded fund’s stock worth $1,868,000 after acquiring an additional 3,688 shares during the period. Natixis Advisors LLC raised its holdings in shares of iShares TIPS Bond ETF by 0.6% during the third quarter. Natixis Advisors LLC now owns 81,096 shares of the exchange traded fund’s stock worth $8,959,000 after purchasing an additional 508 shares during the last quarter. Coastline Trust Co acquired a new position in iShares TIPS Bond ETF during the third quarter valued at $210,000. Finally, Bank of Marin boosted its holdings in iShares TIPS Bond ETF by 2.5% in the third quarter. Bank of Marin now owns 9,083 shares of the exchange traded fund’s stock valued at $1,003,000 after purchasing an additional 224 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP opened at $107.45 on Monday. iShares TIPS Bond ETF has a fifty-two week low of $104.18 and a fifty-two week high of $111.06. The firm has a market capitalization of $18.64 billion, a P/E ratio of 11.86 and a beta of 0.09. The stock has a 50-day simple moving average of $109.27 and a two-hundred day simple moving average of $108.03.

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).