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

TrinityPoint Wealth LLC decreased its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 6.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,265 shares of the exchange traded fund’s stock after selling 1,864 shares during the quarter. TrinityPoint Wealth LLC’s holdings in iShares TIPS Bond ETF were worth $3,012,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in shares of iShares TIPS Bond ETF by 12.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock valued at $388,581,000 after buying an additional 410,284 shares during the period. Sumitomo Life Insurance Co. purchased a new position in iShares TIPS Bond ETF during the 3rd quarter valued at about $102,200,000. Marshall Wace LLP raised its holdings in shares of iShares TIPS Bond ETF by 3.1% in the 2nd quarter. Marshall Wace LLP now owns 561,570 shares of the exchange traded fund’s stock valued at $59,964,000 after purchasing an additional 16,839 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of iShares TIPS Bond ETF by 30.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 464,032 shares of the exchange traded fund’s stock valued at $49,549,000 after purchasing an additional 107,653 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of iShares TIPS Bond ETF by 5.0% in the 2nd quarter. Cetera Investment Advisers now owns 443,962 shares of the exchange traded fund’s stock worth $47,406,000 after purchasing an additional 21,268 shares during the period.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP opened at $107.45 on Monday. The company has a market cap of $18.64 billion, a PE ratio of 11.86 and a beta of 0.09. The firm’s 50 day moving average price is $109.27 and its 200-day moving average price is $108.03. iShares TIPS Bond ETF has a 52-week low of $104.18 and a 52-week high of $111.06.

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).