Thrivent Financial for Lutherans Decreases Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Thrivent Financial for Lutherans cut its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 23.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,915 shares of the exchange traded fund’s stock after selling 11,385 shares during the period. Thrivent Financial for Lutherans’ holdings in iShares TIPS Bond ETF were worth $4,078,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. William B. Walkup & Associates Inc. purchased a new position in shares of iShares TIPS Bond ETF during the second quarter worth approximately $26,000. Private Ocean LLC lifted its holdings in shares of iShares TIPS Bond ETF by 66.7% in the second quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 116 shares in the last quarter. Gradient Investments LLC lifted its stake in iShares TIPS Bond ETF by 352.7% in the 2nd quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 261 shares in the last quarter. Eastern Bank purchased a new stake in iShares TIPS Bond ETF during the 3rd quarter worth about $37,000. Finally, Hobbs Group Advisors LLC acquired a new stake in iShares TIPS Bond ETF during the second quarter worth approximately $40,000.

iShares TIPS Bond ETF Trading Up 0.1 %

NYSEARCA TIP opened at $107.77 on Monday. The business’s 50-day moving average price is $109.04 and its 200 day moving average price is $108.10. iShares TIPS Bond ETF has a twelve month low of $104.19 and a twelve month high of $111.06. The company has a market capitalization of $18.70 billion, a PE ratio of 11.86 and a beta of 0.09.

iShares TIPS Bond ETF Company 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).