iShares TIPS Bond ETF $TIP is DORVAL Corp’s 4th Largest Position

DORVAL Corp lifted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.5% during the third quarter, Holdings Channel reports. The firm owned 171,299 shares of the exchange traded fund’s stock after acquiring an additional 5,750 shares during the period. iShares TIPS Bond ETF makes up 6.3% of DORVAL Corp’s holdings, making the stock its 4th largest holding. DORVAL Corp’s holdings in iShares TIPS Bond ETF were worth $19,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. McAdam LLC boosted its stake in shares of iShares TIPS Bond ETF by 5.9% in the 3rd quarter. McAdam LLC now owns 3,379 shares of the exchange traded fund’s stock worth $376,000 after buying an additional 188 shares during the last quarter. Dynasty Wealth Management LLC boosted its position in iShares TIPS Bond ETF by 7.9% in the third quarter. Dynasty Wealth Management LLC now owns 440,105 shares of the exchange traded fund’s stock worth $48,948,000 after purchasing an additional 32,309 shares during the last quarter. Root Financial Partners LLC bought a new position in iShares TIPS Bond ETF in the 3rd quarter valued at $33,000. Slow Capital Inc. increased its position in shares of iShares TIPS Bond ETF by 12.2% during the 3rd quarter. Slow Capital Inc. now owns 58,139 shares of the exchange traded fund’s stock valued at $6,466,000 after purchasing an additional 6,309 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its stake in shares of iShares TIPS Bond ETF by 510.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 18,990 shares of the exchange traded fund’s stock worth $2,112,000 after purchasing an additional 15,877 shares during the period. 63.62% of the stock is owned by institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP opened at $109.69 on Wednesday. The company has a market capitalization of $13.97 billion, a P/E ratio of 12.40 and a beta of 0.26. The company’s 50-day moving average is $110.40 and its 200 day moving average is $110.67. iShares TIPS Bond ETF has a fifty-two week low of $106.47 and a fifty-two week high of $112.26.

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.