IVC Wealth Advisors LLC Cuts Stock Holdings in iShares TIPS Bond ETF $TIP

IVC Wealth Advisors LLC decreased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 10.3% during the second quarter, HoldingsChannel reports. 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.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in iShares TIPS Bond ETF by 2.6% during the 1st 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 purchasing an additional 9,526 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of iShares TIPS Bond ETF by 24.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 178,402 shares of the exchange traded fund’s stock valued at $19,819,000 after buying an additional 35,058 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of 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 valued at $26,000 after buying an additional 177 shares in the last quarter. Fiera Capital Corp boosted its holdings in shares of iShares TIPS Bond ETF by 3.8% in the 1st quarter. Fiera Capital Corp now owns 4,456 shares of the exchange traded fund’s stock valued at $495,000 after buying an additional 165 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in shares of iShares TIPS Bond ETF by 13.2% in the 1st quarter. Mackenzie Financial Corp now owns 54,000 shares of the exchange traded fund’s stock valued at $5,999,000 after buying an additional 6,300 shares in the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $111.05 on Friday. iShares TIPS Bond ETF has a fifty-two week low of $106.04 and a fifty-two week high of $112.26. The stock has a market capitalization of $13.94 billion, a P/E ratio of 12.40 and a beta of 0.19. The company’s 50-day simple moving average is $110.86 and its 200-day simple 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).