12,969 iShares TIPS Bond ETF $TIP Shares Sold by Parkway Wealth Management Group LLC

Parkway Wealth Management Group LLC decreased its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 12.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 93,758 shares of the exchange traded fund’s stock after selling 12,969 shares during the quarter. iShares TIPS Bond ETF accounts for about 1.1% of Parkway Wealth Management Group LLC’s investment portfolio, making the stock its 27th largest holding. Parkway Wealth Management Group LLC owned 0.07% of iShares TIPS Bond ETF worth $9,755,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TIP. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of iShares TIPS Bond ETF during the third quarter valued at approximately $335,000. CFS Investment Advisory Services LLC boosted its stake in iShares TIPS Bond ETF by 2.9% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 23,388 shares of the exchange traded fund’s stock worth $2,437,000 after purchasing an additional 653 shares during the period. Milestones Private Investment Advisors LLC boosted its stake in iShares TIPS Bond ETF by 7.9% in the 3rd quarter. Milestones Private Investment Advisors LLC now owns 14,522 shares of the exchange traded fund’s stock worth $1,511,000 after purchasing an additional 1,060 shares during the period. Prairie Advisory LLC boosted its stake in iShares TIPS Bond ETF by 102.4% in the 3rd quarter. Prairie Advisory LLC now owns 4,932 shares of the exchange traded fund’s stock worth $513,000 after purchasing an additional 2,495 shares during the period. Finally, Narus Financial Partners LLC grew its position in iShares TIPS Bond ETF by 34.7% during the 3rd quarter. Narus Financial Partners LLC now owns 8,785 shares of the exchange traded fund’s stock worth $914,000 after purchasing an additional 2,265 shares in the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

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

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.