SilverOak Wealth Management LLC Cuts Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

SilverOak Wealth Management LLC lowered its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 8.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,769 shares of the exchange traded fund’s stock after selling 529 shares during the period. SilverOak Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $616,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp purchased a new position in iShares TIPS Bond ETF in the first quarter worth $201,931,000. Evoke Wealth LLC increased its holdings in shares of iShares TIPS Bond ETF by 181.8% during the fourth quarter. Evoke Wealth LLC now owns 1,246,137 shares of the exchange traded fund’s stock valued at $133,947,000 after acquiring an additional 803,988 shares in the last quarter. Sumitomo Life Insurance Co. raised its position in shares of 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 purchasing an additional 648,150 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in 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 purchasing an additional 410,284 shares in the last quarter. Finally, Quotient Wealth Partners LLC boosted its stake in iShares TIPS Bond ETF by 6,782.8% in the 2nd quarter. Quotient Wealth Partners LLC now owns 370,846 shares of the exchange traded fund’s stock worth $39,599,000 after purchasing an additional 365,458 shares in the last quarter.

iShares TIPS Bond ETF Trading Up 0.3 %

Shares of iShares TIPS Bond ETF stock opened at $110.44 on Friday. The firm’s 50 day simple moving average is $108.41 and its two-hundred day simple moving average is $107.17. The firm has a market capitalization of $19.16 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12-month low of $101.74 and a 12-month high of $110.53.

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).