Dynamic Advisor Solutions LLC Sells 428 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Dynamic Advisor Solutions LLC decreased its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,951 shares of the exchange traded fund’s stock after selling 428 shares during the period. Dynamic Advisor Solutions LLC’s holdings in iShares TIPS Bond ETF were worth $954,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its position in iShares TIPS Bond ETF by 5.2% during the 2nd quarter. Bank of Montreal Can now owns 77,832 shares of the exchange traded fund’s stock worth $8,346,000 after acquiring an additional 3,838 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of iShares TIPS Bond ETF by 1,236.9% during the second quarter. The Manufacturers Life Insurance Company now owns 29,666 shares of the exchange traded fund’s stock worth $3,168,000 after purchasing an additional 27,447 shares during the last quarter. Ascent Group LLC acquired a new position in shares of iShares TIPS Bond ETF in the second quarter valued at approximately $927,000. Forefront Analytics LLC boosted its position in iShares TIPS Bond ETF by 11.8% during the 2nd quarter. Forefront Analytics LLC now owns 21,531 shares of the exchange traded fund’s stock worth $2,299,000 after buying an additional 2,281 shares during the period. Finally, Buck Wealth Strategies LLC grew its holdings in iShares TIPS Bond ETF by 1,108.6% during the 2nd quarter. Buck Wealth Strategies LLC now owns 68,057 shares of the exchange traded fund’s stock worth $7,267,000 after acquiring an additional 62,426 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $107.43 on Monday. The stock has a market cap of $18.64 billion, a P/E ratio of 11.86 and a beta of 0.09. The firm has a 50 day moving average price of $107.38 and a two-hundred day moving average price of $108.31. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06.

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).