Park Avenue Securities LLC Has $3.04 Million Stock Holdings in iShares TIPS Bond ETF $TIP

Park Avenue Securities LLC increased its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 339.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,677 shares of the exchange traded fund’s stock after purchasing an additional 21,372 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares TIPS Bond ETF were worth $3,042,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Holos Integrated Wealth LLC bought a new stake in iShares TIPS Bond ETF in the 4th quarter valued at $29,000. Root Financial Partners LLC bought a new stake in iShares TIPS Bond ETF during the 3rd quarter worth about $33,000. Abound Wealth Management acquired a new position in shares of iShares TIPS Bond ETF during the 3rd quarter worth about $41,000. Triumph Capital Management bought a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at about $51,000. Finally, Johnson Financial Group Inc. bought a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at about $52,000. 63.62% of the stock is currently owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP opened at $110.22 on Monday. iShares TIPS Bond ETF has a 52-week low of $106.47 and a 52-week high of $112.26. The company has a market cap of $13.81 billion, a P/E ratio of 12.40 and a beta of 0.26. The stock’s 50-day simple moving average is $110.84 and its 200 day simple moving average is $110.93.

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). 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.