DORVAL Corp Purchases 8,572 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

DORVAL Corp boosted its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,951 shares of the exchange traded fund’s stock after purchasing an additional 8,572 shares during the period. iShares TIPS Bond ETF accounts for about 6.7% of DORVAL Corp’s portfolio, making the stock its 5th biggest holding. DORVAL Corp owned about 0.09% of iShares TIPS Bond ETF worth $16,830,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. TFB Advisors LLC bought a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at $1,071,000. Shade Tree Advisors LLC acquired a new stake in iShares TIPS Bond ETF in the fourth quarter valued at $362,000. Fortress Financial Solutions LLC bought a new position in iShares TIPS Bond ETF during the 4th quarter worth $248,000. Single Point Partners LLC acquired a new position in iShares TIPS Bond ETF during the 4th quarter worth about $553,000. Finally, Sovran Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $471,000.

iShares TIPS Bond ETF Trading Up 0.6 %

Shares of TIP stock opened at $108.41 on Friday. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.06. The stock has a market cap of $18.81 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The stock has a 50-day moving average of $107.38 and a 200-day moving average of $108.40.

iShares TIPS Bond ETF Company 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).