Old Port Advisors Reduces Stake in iShares TIPS Bond ETF

Old Port Advisors has decreased its ownership of the iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.6% in the third quarter, as reported in their latest disclosure to the Securities & Exchange Commission. Following this change, the institutional investor now holds 3,541 shares of the ETF, having sold 131 shares during the quarter. As of their most recent filing, Old Port Advisors' total investments in the iShares TIPS Bond ETF are valued at approximately $391,000.

In addition to Old Port Advisors, several other institutional investors have also adjusted their stakes in the iShares TIPS Bond ETF. For instance, William B. Walkup & Associates Inc. acquired a new position in the ETF during the second quarter, with an estimated value of around $26,000. Similarly, Private Ocean LLC increased its stake by 66.7% in the same period, now owning 290 shares worth $31,000 after buying 116 additional shares. Gradient Investments LLC also significantly raised its holdings by 352.7% during the second quarter, bringing its total to 335 shares valued at $36,000 after a purchase of 261 shares. Further, Eastern Bank entered the ETF market in the third quarter with a new stake worth $37,000, while Hobbs Group Advisors LLC invested in the ETF for about $40,000 during the second quarter.

Recent Performance of iShares TIPS Bond ETF

The iShares TIPS Bond ETF's stock opened at $108.21 on Wednesday. Currently, the ETF has a market capitalization of $18.77 billion, a price-to-earnings ratio of 11.86, and a beta of 0.09. The fund's fifty-day moving average stands at $109.60, with a 200-day moving average at $107.82. Over the past year, the ETF has reached a low of $102.46 and a high of $111.06.

Overview of iShares TIPS Bond ETF

The iShares TIPS Bond ETF, previously known as iShares Barclays Treasury Inflation Protected Securities Bond Fund, is an exchange-traded fund that aims to replicate the investment outcomes associated with the price and yield performance of the Barclays U.S. Treasury Inflation Protected Securities Index (Series-L).

iShares, TIPS, ETF