Old Port Advisors Reduces Stake in iShares TIPS Bond ETF

Old Port Advisors has reduced its investment in the iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.6% during the third quarter, as noted in their recent disclosure to the Securities and Exchange Commission. Following this sale, the firm now holds 3,541 shares of this exchange-traded fund (ETF).

The total value of Old Port Advisors’ holdings in the iShares TIPS Bond ETF is approximately $391,000, according to their latest SEC filing. This adjustment reflects a strategic decision regarding their portfolio management.

Other institutional investors have also made noteworthy changes to their holdings in the iShares TIPS Bond ETF. For example, William B. Walkup & Associates Inc. initiated a new investment in the ETF during the second quarter, valued at about $26,000. Additionally, Private Ocean LLC increased its stake in the ETF by 66.7% during the same quarter, now owning 290 shares worth $31,000 after adding 116 shares.

Moreover, Gradient Investments LLC significantly expanded its investment by 352.7% in the second quarter, bringing their total to 335 shares valued at $36,000 after purchasing an extra 261 shares. Eastern Bank also entered a new position in the ETF during the third quarter, with an investment worth $37,000. Finally, Hobbs Group Advisors LLC made a new investment in the ETF in the second quarter worth $40,000.

Current Performance of iShares TIPS Bond ETF

As of the latest market close, shares of iShares TIPS Bond ETF were priced at $108.21. The ETF has a market capitalization of approximately $18.77 billion and a price-to-earnings ratio of 11.86, indicating a stable market position. The stock exhibits low volatility, with a beta of 0.09. The fifty-day moving average stands at $109.60, while the 200-day moving average is $107.82. Over the past year, the ETF has experienced a low of $102.46 and a high of $111.06, showcasing its price stability amidst market fluctuations.

About iShares TIPS Bond ETF

The iShares TIPS Bond ETF, formerly known as iShares Barclays Treasury Inflation Protected Securities Bond Fund, is designed as an exchange-traded fund (ETF) that aims to reflect the performance of the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L).

finance, investments, ETFs