iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.1% in the fourth quarter, Holdings Channel reports. The fund owned 6,340 shares of the exchange traded fund’s stock after selling 133 shares during the period. Avior Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $676,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can lifted its holdings in iShares TIPS Bond ETF by 5.2% in the second quarter. Bank of Montreal Can now owns 77,832 shares of the exchange traded fund’s stock valued at $8,346,000 after acquiring an additional 3,838 shares during the last quarter. Daymark Wealth Partners LLC acquired a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at $703,000. The Manufacturers Life Insurance Company lifted its stake in shares of iShares TIPS Bond ETF by 1,236.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,666 shares of the exchange traded fund’s stock valued at $3,168,000 after purchasing an additional 27,447 shares during the last quarter. Dorsey Wright & Associates purchased a new position in shares of iShares TIPS Bond ETF during the 2nd quarter worth $761,000. Finally, Ascent Group LLC acquired a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter worth about $927,000.

iShares TIPS Bond ETF Price Performance

NYSEARCA TIP opened at $107.43 on Friday. The stock has a market capitalization of $18.64 billion, a P/E ratio of 11.86 and a beta of 0.09. The firm’s 50-day moving average is $107.38 and its two-hundred day moving average is $108.30. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.06.

iShares TIPS Bond ETF 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).