Avalon Trust Co Increases Stock Position in iShares TIPS Bond ETF $TIP

Avalon Trust Co boosted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 526.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,724 shares of the exchange traded fund’s stock after purchasing an additional 1,449 shares during the period. Avalon Trust Co’s holdings in iShares TIPS Bond ETF were worth $190,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TIP. Gladwyn Financial Advisors Inc. purchased a new position in iShares TIPS Bond ETF in the 2nd quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of iShares TIPS Bond ETF in the first quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of iShares TIPS Bond ETF in the second quarter worth about $28,000. Grove Bank & Trust purchased a new position in iShares TIPS Bond ETF in the second quarter valued at about $31,000. Finally, ST Germain D J Co. Inc. grew its stake in iShares TIPS Bond ETF by 160.0% during the 2nd quarter. ST Germain D J Co. Inc. now owns 325 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.2%

TIP stock opened at $111.13 on Thursday. The stock’s 50 day moving average is $111.43 and its two-hundred day moving average is $110.20. iShares TIPS Bond ETF has a 52-week low of $106.04 and a 52-week high of $112.26. The company has a market capitalization of $14.11 billion, a PE ratio of 12.40 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).