Deutsche Bank AG Sells 31,850 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

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Deutsche Bank AG lowered its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 30.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,081 shares of the exchange traded fund’s stock after selling 31,850 shares during the quarter. Deutsche Bank AG’s holdings in iShares TIPS Bond ETF were worth $9,206,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gryphon Financial Partners LLC lifted its holdings in shares of iShares TIPS Bond ETF by 28.4% during the second quarter. Gryphon Financial Partners LLC now owns 15,259 shares of the exchange traded fund’s stock worth $1,930,000 after buying an additional 3,375 shares in the last quarter. Cranbrook Wealth Management LLC raised its stake in iShares TIPS Bond ETF by 10.0% in the second quarter. Cranbrook Wealth Management LLC now owns 77,224 shares of the exchange traded fund’s stock valued at $9,885,000 after purchasing an additional 7,034 shares in the last quarter. Old Port Advisors raised its stake in iShares TIPS Bond ETF by 27.2% in the third quarter. Old Port Advisors now owns 18,808 shares of the exchange traded fund’s stock valued at $2,405,000 after purchasing an additional 4,024 shares in the last quarter. Marshall Wace LLP acquired a new position in iShares TIPS Bond ETF in the second quarter valued at about $25,113,000. Finally, Scotia Capital Inc. raised its stake in iShares TIPS Bond ETF by 7.2% in the second quarter. Scotia Capital Inc. now owns 42,123 shares of the exchange traded fund’s stock valued at $5,392,000 after purchasing an additional 2,824 shares in the last quarter.

TIP stock opened at $127.27 on Wednesday. The company has a 50-day moving average of $128.96. iShares TIPS Bond ETF has a 52 week low of $123.51 and a 52 week high of $131.37.

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).

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