IVC Wealth Advisors LLC Trims Position in iShares TIPS Bond ETF $TIP

IVC Wealth Advisors LLC lessened its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 10.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,471 shares of the exchange traded fund’s stock after selling 513 shares during the period. IVC Wealth Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $492,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TIP. NBC Securities Inc. purchased a new position in iShares TIPS Bond ETF in the 1st quarter worth about $26,000. Golden State Wealth Management LLC increased its stake in iShares TIPS Bond ETF by 295.0% in the 1st quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 177 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new position in iShares TIPS Bond ETF in the 1st quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in iShares TIPS Bond ETF in the 2nd quarter worth about $28,000. Finally, Godsey & Gibb Inc. purchased a new position in iShares TIPS Bond ETF in the 1st quarter worth about $29,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

TIP stock opened at $111.05 on Friday. The company has a market capitalization of $13.94 billion, a PE 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. The firm’s 50-day moving average is $110.86 and its 200 day moving average is $109.82.

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).