Valmark Advisers Inc. Sells 439 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Valmark Advisers Inc. cut its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 10.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,643 shares of the exchange traded fund’s stock after selling 439 shares during the period. Valmark Advisers Inc.’s holdings in iShares TIPS Bond ETF were worth $388,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Csenge Advisory Group increased its position in shares of iShares TIPS Bond ETF by 67.2% during the fourth quarter. Csenge Advisory Group now owns 11,121 shares of the exchange traded fund’s stock valued at $1,185,000 after buying an additional 4,469 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at about $2,779,000. Rhumbline Advisers grew its holdings in shares of iShares TIPS Bond ETF by 0.5% during the fourth quarter. Rhumbline Advisers now owns 288,596 shares of the exchange traded fund’s stock worth $30,750,000 after purchasing an additional 1,459 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new position in shares of iShares TIPS Bond ETF during the fourth quarter worth about $1,135,000. Finally, DORVAL Corp grew its holdings in shares of iShares TIPS Bond ETF by 5.7% during the fourth quarter. DORVAL Corp now owns 157,951 shares of the exchange traded fund’s stock worth $16,830,000 after purchasing an additional 8,572 shares in the last quarter.

iShares TIPS Bond ETF Trading Down 0.3 %

Shares of NYSEARCA TIP opened at $108.26 on Wednesday. iShares TIPS Bond ETF has a 12 month low of $104.67 and a 12 month high of $111.06. The firm has a market capitalization of $18.78 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The business has a 50-day moving average of $107.37 and a 200-day moving average of $108.42.

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).