DV Trading LLC Has $1.85 Million Position in iShares TIPS Bond ETF $TIP

DV Trading LLC lessened its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 29.8% during the first quarter, Holdings Channel.com reports. The fund owned 16,728 shares of the exchange traded fund’s stock after selling 7,090 shares during the period. DV Trading LLC’s holdings in iShares TIPS Bond ETF were worth $1,846,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. TD Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF during the 4th quarter valued at $25,000. Woodside Wealth Management LLC increased its position in shares of iShares TIPS Bond ETF by 167.8% in the fourth quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 151 shares during the period. Evolution Wealth Management Inc. acquired a new position in iShares TIPS Bond ETF in the fourth quarter valued at about $26,000. Laurel Wealth Advisors LLC acquired a new position in iShares TIPS Bond ETF in the fourth quarter valued at about $28,000. Finally, Smartleaf Asset Management LLC acquired a new position in iShares TIPS Bond ETF in the fourth quarter valued at about $30,000. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Down 0.1%

TIP opened at $107.63 on Friday. The stock has a market capitalization of $14.56 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a twelve month low of $107.34 and a twelve month high of $112.26. The company has a 50-day simple moving average of $108.92 and a 200 day simple moving average of $110.19.

iShares TIPS Bond ETF Company 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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.