Foundation Wealth Management LLC PA Cuts Holdings in iShares TIPS Bond ETF $TIP

Foundation Wealth Management LLC PA lowered its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 70.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,199 shares of the exchange traded fund’s stock after selling 7,447 shares during the period. Foundation Wealth Management LLC PA’s holdings in iShares TIPS Bond ETF were worth $352,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Bank of America Corp DE grew its position in shares of iShares TIPS Bond ETF by 32.3% during the 3rd quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock valued at $1,908,042,000 after acquiring an additional 4,189,926 shares during the period. BNP Paribas Financial Markets raised its holdings in iShares TIPS Bond ETF by 615.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 649,189 shares of the exchange traded fund’s stock worth $72,203,000 after purchasing an additional 558,456 shares during the period. Sumitomo Life Insurance Co. boosted its position in iShares TIPS Bond ETF by 44.3% during the third quarter. Sumitomo Life Insurance Co. now owns 1,471,634 shares of the exchange traded fund’s stock worth $163,675,000 after purchasing an additional 451,450 shares in the last quarter. Ameriprise Financial Inc. boosted its position in iShares TIPS Bond ETF by 43.0% during the second quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock worth $152,991,000 after purchasing an additional 417,901 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in iShares TIPS Bond ETF by 672.9% in the second quarter. The Manufacturers Life Insurance Company now owns 334,716 shares of the exchange traded fund’s stock valued at $36,832,000 after purchasing an additional 291,412 shares during the period. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Trading Up 0.6%

Shares of TIP opened at $110.35 on Tuesday. The firm has a market cap of $13.83 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 12 month low of $106.47 and a 12 month high of $112.26. The stock’s 50 day moving average is $110.82 and its two-hundred day moving average is $110.86.

iShares TIPS Bond ETF 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). 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.