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

Park Avenue Securities LLC lifted its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 339.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 27,677 shares of the exchange traded fund’s stock after acquiring an additional 21,372 shares during the period. Park Avenue Securities LLC’s holdings in iShares TIPS Bond ETF were worth $3,042,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TIP. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in iShares TIPS Bond ETF during the third quarter worth about $834,000. Bank of America Corp DE raised its stake in iShares TIPS Bond ETF by 32.3% in the third quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock valued at $1,908,042,000 after buying an additional 4,189,926 shares during the period. Fermata Advisors LLC raised its stake in iShares TIPS Bond ETF by 16.0% in the third quarter. Fermata Advisors LLC now owns 47,115 shares of the exchange traded fund’s stock valued at $5,240,000 after buying an additional 6,514 shares during the period. Carr Financial Group Corp acquired a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at approximately $621,000. Finally, Archer Investment Management LLC acquired a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at approximately $8,131,000. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Trading Down 0.8%

Shares of NYSEARCA TIP opened at $110.22 on Monday. The company has a market capitalization of $13.81 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 12 month low of $106.47 and a 12 month high of $112.26. The stock has a 50 day moving average of $110.84 and a 200-day moving average of $110.93.

About iShares TIPS Bond ETF

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.