111,885 Shares in iShares TIPS Bond ETF $TIP Acquired by Valen Private Capital LLC

Valen Private Capital LLC acquired a new stake in iShares TIPS Bond ETF (NYSEARCA:TIP) during the 3rd quarter, HoldingsChannel reports. The firm acquired 111,885 shares of the exchange traded fund’s stock, valued at approximately $11,641,000. iShares TIPS Bond ETF makes up 3.6% of Valen Private Capital LLC’s investment portfolio, making the stock its 6th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Middleton & Co. Inc. MA acquired a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter valued at $362,000. Sowell Financial Services LLC purchased a new position in shares of iShares TIPS Bond ETF during the 3rd quarter valued at $878,000. Ascent Wealth Partners LLC purchased a new position in shares of iShares TIPS Bond ETF during the 3rd quarter valued at $2,062,000. Evergreen Capital Management LLC acquired a new position in shares of iShares TIPS Bond ETF in the third quarter worth $4,369,000. Finally, Barrett & Company Inc. acquired a new position in shares of iShares TIPS Bond ETF in the third quarter worth $125,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Down 0.1%

Shares of NYSEARCA:TIP opened at $106.24 on Friday. iShares TIPS Bond ETF has a 1 year low of $103.75 and a 1 year high of $112.04. The business has a fifty day simple moving average of $105.77 and a 200 day simple moving average of $108.19. The firm has a market cap of $14.55 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27.

iShares TIPS Bond ETF 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). 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.