iShares TIPS Bond ETF $TIP Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 176.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,248,103 shares of the exchange traded fund’s stock after purchasing an additional 797,259 shares during the period. Northwestern Mutual Wealth Management Co. owned about 1.00% of iShares TIPS Bond ETF worth $137,179,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TIP. Brighton Jones LLC grew its holdings in iShares TIPS Bond ETF by 8.0% in the fourth quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock valued at $1,583,000 after purchasing an additional 1,102 shares during the last quarter. AQR Capital Management LLC acquired a new stake in iShares TIPS Bond ETF in the first quarter valued at $432,000. Goldman Sachs Group Inc. grew its holdings in iShares TIPS Bond ETF by 82.1% in the first quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock valued at $54,099,000 after purchasing an additional 219,598 shares during the last quarter. Brown Advisory Inc. grew its holdings in iShares TIPS Bond ETF by 5.1% in the second quarter. Brown Advisory Inc. now owns 2,755 shares of the exchange traded fund’s stock valued at $303,000 after purchasing an additional 134 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of iShares TIPS Bond ETF by 5.3% in the second quarter. NewEdge Advisors LLC now owns 33,907 shares of the exchange traded fund’s stock valued at $3,731,000 after acquiring an additional 1,717 shares in the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.4%

Shares of NYSEARCA:TIP opened at $110.61 on Friday. iShares TIPS Bond ETF has a 52-week low of $107.98 and a 52-week high of $112.26. The stock’s fifty day simple moving average is $111.01 and its 200-day simple moving average is $110.79. The company has a market capitalization of $14.63 billion, a P/E 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.