Private Advisor Group LLC Has $4.96 Million Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Private Advisor Group LLC lessened its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 14.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,526 shares of the exchange traded fund’s stock after selling 7,950 shares during the period. Private Advisor Group LLC’s holdings in iShares TIPS Bond ETF were worth $4,957,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TIP. Eastern Bank acquired a new stake in shares of iShares TIPS Bond ETF during the third quarter worth $37,000. International Assets Investment Management LLC increased its holdings in iShares TIPS Bond ETF by 10,652.4% during the 3rd quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock worth $44,412,000 after purchasing an additional 398,292 shares in the last quarter. DORVAL Corp raised its stake in shares of iShares TIPS Bond ETF by 18.8% in the 3rd quarter. DORVAL Corp now owns 149,379 shares of the exchange traded fund’s stock valued at $16,263,000 after purchasing an additional 23,690 shares during the period. Sigma Investment Counselors Inc. lifted its holdings in shares of iShares TIPS Bond ETF by 2.6% in the third quarter. Sigma Investment Counselors Inc. now owns 37,508 shares of the exchange traded fund’s stock valued at $4,144,000 after purchasing an additional 963 shares in the last quarter. Finally, CWC Advisors LLC. acquired a new position in shares of iShares TIPS Bond ETF during the third quarter worth about $1,059,000.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $108.92 on Friday. The stock has a 50-day simple moving average of $107.40 and a 200 day simple moving average of $108.41. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06. The company has a market cap of $18.90 billion, a PE ratio of 11.86 and a beta of 0.09.

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).