Aviance Capital Partners LLC Boosts Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Aviance Capital Partners LLC raised its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.1% during the first quarter, HoldingsChannel.com reports. The firm owned 9,073 shares of the exchange traded fund’s stock after buying an additional 185 shares during the quarter. Aviance Capital Partners LLC’s holdings in iShares TIPS Bond ETF were worth $975,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in iShares TIPS Bond ETF by 17.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,577,654 shares of the exchange traded fund’s stock valued at $578,524,000 after purchasing an additional 835,933 shares in the last quarter. Evoke Wealth LLC grew its stake in shares of iShares TIPS Bond ETF by 181.8% in the fourth quarter. Evoke Wealth LLC now owns 1,246,137 shares of the exchange traded fund’s stock valued at $133,947,000 after buying an additional 803,988 shares in the last quarter. Sumitomo Life Insurance Co. purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter valued at about $67,988,000. 3EDGE Asset Management LP acquired a new position in iShares TIPS Bond ETF during the 4th quarter worth approximately $63,005,000. Finally, International Assets Investment Management LLC boosted its holdings in iShares TIPS Bond ETF by 7,161.8% in the 4th quarter. International Assets Investment Management LLC now owns 548,047 shares of the exchange traded fund’s stock worth $58,910,000 after acquiring an additional 540,500 shares during the period.

iShares TIPS Bond ETF Stock Down 0.4 %

Shares of NYSEARCA:TIP opened at $105.92 on Tuesday. The company has a 50 day moving average of $106.38 and a two-hundred day moving average of $106.69. iShares TIPS Bond ETF has a 52-week low of $101.74 and a 52-week high of $108.54. The company has a market capitalization of $18.38 billion, a price-to-earnings 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).