iShares TIPS Bond ETF (NYSEARCA:TIP) is Brightwater Advisory LLC’s 8th Largest Position

Brightwater Advisory LLC decreased its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 6.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,056 shares of the exchange traded fund’s stock after selling 3,470 shares during the quarter. iShares TIPS Bond ETF accounts for about 4.2% of Brightwater Advisory LLC’s investment portfolio, making the stock its 8th largest position. Brightwater Advisory LLC’s holdings in iShares TIPS Bond ETF were worth $5,751,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Daymark Wealth Partners LLC raised its stake in shares of iShares TIPS Bond ETF by 3.6% in the third quarter. Daymark Wealth Partners LLC now owns 6,819 shares of the exchange traded fund’s stock worth $753,000 after buying an additional 238 shares during the period. First National Corp MA ADV increased its stake in shares of iShares TIPS Bond ETF by 14.4% in the third quarter. First National Corp MA ADV now owns 7,504 shares of the exchange traded fund’s stock worth $829,000 after purchasing an additional 945 shares in the last quarter. Sovereign Financial Group Inc. raised its position in shares of iShares TIPS Bond ETF by 1.8% during the 3rd quarter. Sovereign Financial Group Inc. now owns 12,370 shares of the exchange traded fund’s stock valued at $1,366,000 after purchasing an additional 224 shares during the period. Horizons Wealth Management lifted its stake in shares of iShares TIPS Bond ETF by 0.3% during the 3rd quarter. Horizons Wealth Management now owns 51,872 shares of the exchange traded fund’s stock valued at $5,730,000 after buying an additional 139 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its holdings in iShares TIPS Bond ETF by 4.4% in the 3rd quarter. Atomi Financial Group Inc. now owns 12,063 shares of the exchange traded fund’s stock worth $1,333,000 after buying an additional 511 shares during the period.

iShares TIPS Bond ETF Stock Performance

TIP traded down $0.26 during trading on Wednesday, reaching $109.19. 437,558 shares of the company traded hands, compared to its average volume of 1,915,814. The company has a market cap of $18.94 billion, a P/E ratio of 11.86 and a beta of 0.09. The firm has a fifty day simple moving average of $109.45 and a 200 day simple moving average of $107.59. iShares TIPS Bond ETF has a 12-month low of $102.32 and a 12-month high of $111.06.

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).