iShares TIPS Bond ETF $TIP Stock Sold by Parkway Wealth Management Group LLC

Parkway Wealth Management Group LLC decreased its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 12.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,758 shares of the exchange traded fund’s stock after selling 12,969 shares during the period. iShares TIPS Bond ETF comprises 1.1% of Parkway Wealth Management Group LLC’s portfolio, making the stock its 27th largest holding. Parkway Wealth Management Group LLC’s holdings in iShares TIPS Bond ETF were worth $9,755,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Bank of America Corp DE lifted its position in shares of iShares TIPS Bond ETF by 18.1% in the first quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock worth $2,685,035,000 after purchasing an additional 3,729,751 shares in the last quarter. Mather Group LLC. purchased a new position in iShares TIPS Bond ETF during the third quarter valued at approximately $240,163,000. Envestnet Asset Management Inc. grew its position in iShares TIPS Bond ETF by 3.5% during the second quarter. Envestnet Asset Management Inc. now owns 2,029,684 shares of the exchange traded fund’s stock valued at $222,108,000 after purchasing an additional 68,483 shares in the last quarter. Pictet Asset Management Holding SA grew its position in iShares TIPS Bond ETF by 16.8% during the first quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock valued at $164,565,000 after purchasing an additional 214,700 shares in the last quarter. Finally, CI Investments Inc. increased its stake in iShares TIPS Bond ETF by 28.7% in the 1st quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock valued at $128,772,000 after buying an additional 260,055 shares during the period. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock opened at $105.26 on Tuesday. iShares TIPS Bond ETF has a twelve month low of $103.75 and a twelve month high of $112.24. The firm has a market cap of $14.42 billion, a PE ratio of 12.40 and a beta of 0.27. The firm’s 50 day moving average price is $105.86 and its two-hundred day moving average price is $108.31.

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.