IVC Wealth Advisors LLC Trims Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

IVC Wealth Advisors LLC cut its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 12.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,787 shares of the exchange traded fund’s stock after selling 827 shares during the period. IVC Wealth Advisors LLC’s holdings in iShares TIPS Bond ETF were worth $617,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in iShares TIPS Bond ETF by 106.7% during the 3rd quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock valued at $772,234,000 after buying an additional 3,608,542 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of iShares TIPS Bond ETF by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock valued at $318,257,000 after purchasing an additional 51,713 shares during the period. Sumitomo Life Insurance Co. bought a new position in iShares TIPS Bond ETF in the third quarter worth approximately $102,200,000. Cetera Investment Advisers increased its holdings in iShares TIPS Bond ETF by 5.0% during the 2nd quarter. Cetera Investment Advisers now owns 443,962 shares of the exchange traded fund’s stock worth $47,406,000 after purchasing an additional 21,268 shares during the period. Finally, International Assets Investment Management LLC raised its position in iShares TIPS Bond ETF by 10,652.4% during the 3rd quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock valued at $44,412,000 after purchasing an additional 398,292 shares in the last quarter.

iShares TIPS Bond ETF Trading Up 0.1 %

TIP opened at $107.24 on Friday. The company has a market capitalization of $18.61 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12-month low of $104.67 and a 12-month high of $111.06. The business’s fifty day simple moving average is $107.38 and its 200-day simple moving average is $108.31.

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).