Park Avenue Securities LLC Trims Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Park Avenue Securities LLC decreased its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 90.3% during the third quarter, Holdings Channel reports. The institutional investor owned 9,015 shares of the exchange traded fund’s stock after selling 83,826 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares TIPS Bond ETF were worth $996,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TIP. William B. Walkup & Associates Inc. acquired a new stake in iShares TIPS Bond ETF during the second quarter valued at $26,000. Private Ocean LLC boosted its stake in shares of iShares TIPS Bond ETF by 66.7% during the 2nd quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 116 shares in the last quarter. Salem Investment Counselors Inc. acquired a new stake in shares of iShares TIPS Bond ETF during the 1st quarter valued at about $36,000. Gradient Investments LLC grew its position in shares of iShares TIPS Bond ETF by 352.7% during the 2nd quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 261 shares during the period. Finally, Hobbs Group Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at about $40,000.

iShares TIPS Bond ETF Trading Down 0.2 %

Shares of TIP stock opened at $109.25 on Thursday. iShares TIPS Bond ETF has a 12-month low of $102.32 and a 12-month high of $111.06. The business’s 50 day moving average is $109.45 and its two-hundred day moving average is $107.59. The company has a market capitalization of $18.95 billion, a P/E ratio of 11.86 and a beta of 0.09.

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).