Avalon Capital Management Acquires 10,914 Shares of iShares TIPS Bond ETF $TIP

Avalon Capital Management lifted its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 295.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,606 shares of the exchange traded fund’s stock after buying an additional 10,914 shares during the period. Avalon Capital Management’s holdings in iShares TIPS Bond ETF were worth $1,607,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TIP. Brighton Jones LLC boosted its holdings in shares of iShares TIPS Bond ETF by 8.0% during the 4th quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock valued at $1,583,000 after acquiring an additional 1,102 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of iShares TIPS Bond ETF by 2.6% during the first 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 last quarter. Cerity Partners LLC lifted its position in iShares TIPS Bond ETF by 24.6% during the first quarter. Cerity Partners LLC now owns 122,102 shares of the exchange traded fund’s stock valued at $13,564,000 after purchasing an additional 24,091 shares during the period. CWM LLC lifted its position in iShares TIPS Bond ETF by 80.9% during the first quarter. CWM LLC now owns 51,583 shares of the exchange traded fund’s stock valued at $5,730,000 after purchasing an additional 23,065 shares during the period. Finally, Sumitomo Life Insurance Co. boosted its holdings in iShares TIPS Bond ETF by 10.0% in the first quarter. Sumitomo Life Insurance Co. now owns 1,607,733 shares of the exchange traded fund’s stock worth $178,603,000 after purchasing an additional 145,987 shares during the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Up 0.0%

NYSEARCA:TIP opened at $110.92 on Tuesday. The company has a market cap of $14.09 billion, a PE ratio of 12.40 and a beta of 0.26. The company has a 50 day simple moving average of $111.40 and a two-hundred day simple moving average of $110.18. iShares TIPS Bond ETF has a 12 month low of $106.04 and a 12 month high of $112.26.

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).