Dynamic Advisor Solutions LLC Has $386,000 Holdings in iShares TIPS Bond ETF $TIP

Dynamic Advisor Solutions LLC decreased its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 62.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,468 shares of the exchange traded fund’s stock after selling 5,773 shares during the period. Dynamic Advisor Solutions LLC’s holdings in iShares TIPS Bond ETF were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE increased its holdings in iShares TIPS Bond ETF by 11.0% during the 2nd quarter. Bank of America Corp DE now owns 12,965,639 shares of the exchange traded fund’s stock valued at $1,426,739,000 after purchasing an additional 1,281,679 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of iShares TIPS Bond ETF by 4,627.6% during the second quarter. Hsbc Holdings PLC now owns 2,910,259 shares of the exchange traded fund’s stock worth $320,274,000 after purchasing an additional 2,848,700 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of iShares TIPS Bond ETF by 0.9% in the second quarter. Envestnet Asset Management Inc. now owns 2,180,866 shares of the exchange traded fund’s stock valued at $239,964,000 after buying an additional 19,125 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares TIPS Bond ETF by 43.0% in the second quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock valued at $152,991,000 after buying an additional 417,901 shares during the last quarter. Finally, Assetmark Inc. lifted its position in iShares TIPS Bond ETF by 4.1% during the 2nd quarter. Assetmark Inc. now owns 1,304,696 shares of the exchange traded fund’s stock worth $143,569,000 after buying an additional 50,824 shares in the last quarter. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Trading Up 0.0%

TIP opened at $109.83 on Wednesday. The stock has a market capitalization of $13.95 billion, a PE ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 1-year low of $106.09 and a 1-year high of $112.26. The firm has a 50-day moving average price of $110.96 and a two-hundred day moving average price of $110.54.

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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.