Axiom Financial Strategies LLC Sells 99,853 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

by · The Cerbat Gem

Axiom Financial Strategies LLC trimmed its position in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 57.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,481 shares of the exchange traded fund’s stock after selling 99,853 shares during the period. iShares TIPS Bond ETF makes up approximately 5.2% of Axiom Financial Strategies LLC’s holdings, making the stock its 6th biggest holding. Axiom Financial Strategies LLC’s holdings in iShares TIPS Bond ETF were worth $7,725,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Sound Income Strategies LLC grew its stake in shares of iShares TIPS Bond ETF by 89.2% during the 2nd quarter. Sound Income Strategies LLC now owns 246 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 116 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new position in iShares TIPS Bond ETF in the fourth quarter valued at about $26,000. Fortis Capital Advisors LLC acquired a new position in iShares TIPS Bond ETF in the fourth quarter valued at about $28,000. Brown Brothers Harriman & Co. grew its position in iShares TIPS Bond ETF by 75.7% in the second quarter. Brown Brothers Harriman & Co. now owns 311 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 134 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of iShares TIPS Bond ETF by 3.7% during the first quarter. Northern Trust Corp now owns 33,068 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 1,176 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP traded down $0.21 during midday trading on Friday, hitting $107.42. 1,187,823 shares of the stock were exchanged, compared to its average volume of 3,337,660. The business’s 50-day moving average price is $104.57 and its 200 day moving average price is $105.46. iShares TIPS Bond ETF has a 12 month low of $101.74 and a 12 month high of $111.26.

iShares TIPS Bond ETF Profile

(Free Report)

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).

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