Palumbo Wealth Management LLC Sells 2,044 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Palumbo Wealth Management LLC lowered its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 54,976 shares of the exchange traded fund’s stock after selling 2,044 shares during the quarter. iShares TIPS Bond ETF comprises about 2.4% of Palumbo Wealth Management LLC’s investment portfolio, making the stock its 9th largest position. Palumbo Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $6,073,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its stake in iShares TIPS Bond ETF by 12.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock worth $388,581,000 after purchasing an additional 410,284 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in iShares TIPS Bond ETF in the first quarter worth $201,931,000. Sumitomo Life Insurance Co. acquired a new position in shares of iShares TIPS Bond ETF during the third quarter valued at $102,200,000. Marshall Wace LLP lifted its stake in shares of iShares TIPS Bond ETF by 3.1% during the second quarter. Marshall Wace LLP now owns 561,570 shares of the exchange traded fund’s stock valued at $59,964,000 after acquiring an additional 16,839 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of iShares TIPS Bond ETF by 30.2% during the second quarter. Bank of New York Mellon Corp now owns 464,032 shares of the exchange traded fund’s stock valued at $49,549,000 after acquiring an additional 107,653 shares during the period.

iShares TIPS Bond ETF Trading Down 0.1 %

Shares of TIP traded down $0.15 during trading hours on Thursday, hitting $108.28. 313,798 shares of the stock traded hands, compared to its average volume of 1,912,189. iShares TIPS Bond ETF has a 1-year low of $102.46 and a 1-year high of $111.06. The firm has a market capitalization of $18.79 billion, a PE ratio of 11.86 and a beta of 0.09. The business has a fifty day moving average of $109.58 and a 200-day moving average of $107.82.

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).