Avior Wealth Management LLC Purchases 65,064 Shares of iShares TIPS Bond ETF $TIP

Avior Wealth Management LLC purchased a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 65,064 shares of the exchange traded fund’s stock, valued at approximately $6,769,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TIP. TD Capital Management LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth about $25,000. CX Institutional bought a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at about $29,000. Eastern Bank acquired a new stake in shares of iShares TIPS Bond ETF in the third quarter valued at about $35,000. Timbuktu Capital Management LLC acquired a new stake in shares of iShares TIPS Bond ETF in the second quarter valued at about $52,000. Finally, Realta Investment Advisors increased its position in shares of iShares TIPS Bond ETF by 159.2% in the first quarter. Realta Investment Advisors now owns 521 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 320 shares during the last quarter. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Stock Performance

TIP opened at $104.50 on Tuesday. iShares TIPS Bond ETF has a 52-week low of $103.75 and a 52-week high of $112.24. The firm has a market capitalization of $14.21 billion, a PE ratio of 12.40 and a beta of 0.27. The business’s 50-day simple moving average is $106.05 and its 200 day simple moving average is $108.48.

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.