Norden Group LLC Sells 5,089 Shares of iShares TIPS Bond ETF $TIP

Norden Group LLC trimmed its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 63.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,952 shares of the exchange traded fund’s stock after selling 5,089 shares during the quarter. Norden Group LLC’s holdings in iShares TIPS Bond ETF were worth $328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Daymark Wealth Partners LLC lifted its stake in iShares TIPS Bond ETF by 1.3% in the second quarter. Daymark Wealth Partners LLC now owns 6,946 shares of the exchange traded fund’s stock valued at $764,000 after buying an additional 92 shares during the period. Fiducient Advisors LLC increased its stake in shares of iShares TIPS Bond ETF by 0.7% in the 2nd quarter. Fiducient Advisors LLC now owns 13,725 shares of the exchange traded fund’s stock valued at $1,510,000 after acquiring an additional 92 shares in the last quarter. Lyell Wealth Management LP lifted its position in shares of iShares TIPS Bond ETF by 0.4% during the 2nd quarter. Lyell Wealth Management LP now owns 24,308 shares of the exchange traded fund’s stock valued at $2,675,000 after acquiring an additional 95 shares during the period. WealthShield Partners LLC boosted its stake in iShares TIPS Bond ETF by 5.2% during the second quarter. WealthShield Partners LLC now owns 2,006 shares of the exchange traded fund’s stock worth $221,000 after acquiring an additional 99 shares in the last quarter. Finally, Northwest Wealth Management LLC boosted its stake in iShares TIPS Bond ETF by 1.1% during the second quarter. Northwest Wealth Management LLC now owns 9,353 shares of the exchange traded fund’s stock worth $1,029,000 after acquiring an additional 101 shares in the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Down 0.0%

TIP opened at $110.05 on Friday. The company has a fifty day moving average price of $110.86 and a two-hundred day moving average price of $110.57. iShares TIPS Bond ETF has a 1-year low of $106.09 and a 1-year high of $112.26. The company has a market cap of $13.98 billion, a P/E ratio of 12.40 and a beta of 0.26.

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.