Pine Valley Investments Ltd Liability Co Has $1.36 Million Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Pine Valley Investments Ltd Liability Co reduced its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,805 shares of the exchange traded fund’s stock after selling 1,377 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in iShares TIPS Bond ETF were worth $1,364,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TIP. Kestra Investment Management LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter worth approximately $45,000. GPS Wealth Strategies Group LLC raised its position in iShares TIPS Bond ETF by 26.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 100 shares during the last quarter. Centricity Wealth Management LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter worth approximately $82,000. Eagle Bay Advisors LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter worth approximately $96,000. Finally, Bank of Jackson Hole Trust bought a new position in iShares TIPS Bond ETF in the 4th quarter worth approximately $115,000.

iShares TIPS Bond ETF Price Performance

TIP stock opened at $109.62 on Wednesday. The company has a 50 day moving average price of $107.47 and a 200 day moving average price of $108.44. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.06. The stock has a market capitalization of $14.03 billion, a PE ratio of 12.25 and a beta of 0.26.

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).