RWA Wealth Partners LLC Sells 3,009 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

RWA Wealth Partners LLC lowered its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 52.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,753 shares of the exchange traded fund’s stock after selling 3,009 shares during the period. RWA Wealth Partners LLC’s holdings in iShares TIPS Bond ETF were worth $293,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its position in shares of iShares TIPS Bond ETF by 1,852.1% during the fourth quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock worth $154,764,000 after purchasing an additional 1,378,094 shares during the period. Wealthfront Advisers LLC bought a new stake in iShares TIPS Bond ETF during the 4th quarter valued at $76,533,000. Sumitomo Life Insurance Co. increased its stake in iShares TIPS Bond ETF by 58.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock valued at $155,749,000 after purchasing an additional 536,610 shares in the last quarter. Dynasty Wealth Management LLC acquired a new position in iShares TIPS Bond ETF during the fourth quarter worth $42,463,000. Finally, Raymond James Financial Inc. bought a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at $37,033,000.

iShares TIPS Bond ETF Price Performance

NYSEARCA:TIP opened at $110.45 on Wednesday. iShares TIPS Bond ETF has a one year low of $104.67 and a one year high of $111.23. The company has a market cap of $14.48 billion, a PE ratio of 12.43 and a beta of 0.29. The firm has a 50-day moving average of $109.13 and a 200-day moving average of $108.57.

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).