Valpey Financial Services LLC Invests $2.32 Million in iShares TIPS Bond ETF $TIP

Valpey Financial Services LLC purchased a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,077 shares of the exchange traded fund’s stock, valued at approximately $2,319,000. iShares TIPS Bond ETF accounts for approximately 1.6% of Valpey Financial Services LLC’s portfolio, making the stock its 23rd largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in iShares TIPS Bond ETF by 2.6% during the first quarter. Bank of New York Mellon Corp now owns 376,852 shares of the exchange traded fund’s stock valued at $41,865,000 after acquiring an additional 9,526 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in iShares TIPS Bond ETF by 24.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 178,402 shares of the exchange traded fund’s stock valued at $19,819,000 after acquiring an additional 35,058 shares during the period. Golden State Wealth Management LLC increased its stake in iShares TIPS Bond ETF by 295.0% during the first quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 177 shares during the period. Fiera Capital Corp increased its stake in iShares TIPS Bond ETF by 3.8% during the first quarter. Fiera Capital Corp now owns 4,456 shares of the exchange traded fund’s stock valued at $495,000 after acquiring an additional 165 shares during the period. Finally, Mackenzie Financial Corp increased its stake in iShares TIPS Bond ETF by 13.2% during the first quarter. Mackenzie Financial Corp now owns 54,000 shares of the exchange traded fund’s stock valued at $5,999,000 after acquiring an additional 6,300 shares during the period. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Stock Down 0.1%

Shares of TIP opened at $111.05 on Monday. The stock’s 50-day moving average price is $110.86 and its 200 day moving average price is $109.81. The firm has a market capitalization of $13.94 billion, a price-to-earnings ratio of 12.40 and a beta of 0.19. iShares TIPS Bond ETF has a 12-month low of $106.04 and a 12-month high of $112.26.

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).