Northwestern Mutual Wealth Management Co. Has $44.05 Million Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Northwestern Mutual Wealth Management Co. reduced its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 412,534 shares of the exchange traded fund’s stock after selling 13,250 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.24% of iShares TIPS Bond ETF worth $44,051,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp bought a new position in iShares TIPS Bond ETF during the 1st quarter valued at $201,931,000. Sumitomo Life Insurance Co. increased its stake in iShares TIPS Bond ETF by 102.5% in the 1st quarter. Sumitomo Life Insurance Co. now owns 1,280,653 shares of the exchange traded fund’s stock valued at $137,555,000 after buying an additional 648,150 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of iShares TIPS Bond ETF by 12.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock worth $388,581,000 after buying an additional 410,284 shares during the last quarter. Quotient Wealth Partners LLC grew its holdings in shares of iShares TIPS Bond ETF by 6,782.8% in the second quarter. Quotient Wealth Partners LLC now owns 370,846 shares of the exchange traded fund’s stock valued at $39,599,000 after acquiring an additional 365,458 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of iShares TIPS Bond ETF by 14,118.3% in the first quarter. SG Americas Securities LLC now owns 358,727 shares of the exchange traded fund’s stock valued at $38,531,000 after acquiring an additional 356,204 shares in the last quarter.

iShares TIPS Bond ETF Trading Up 0.2 %

Shares of iShares TIPS Bond ETF stock opened at $110.54 on Monday. The business’s fifty day simple moving average is $109.06 and its 200 day simple moving average is $107.42. iShares TIPS Bond ETF has a 12 month low of $101.74 and a 12 month high of $111.06. The firm has a market capitalization of $19.18 billion, a P/E ratio of 11.86 and a beta of 0.09.

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).