White Pine Investment CO has increased its holdings in the iShares TIPS Bond ETF (NYSEARCA:TIP) by 6.7% during the third quarter, according to a report from HoldingsChannel.com. The firm now owns 91,408 shares of the exchange-traded fund, having purchased an additional 5,758 shares in that period. This investment accounts for approximately 2.4% of White Pine’s total portfolio, making it the company’s 12th largest holding.
As of its latest filing with the U.S. Securities and Exchange Commission (SEC), White Pine’s investment in the iShares TIPS Bond ETF is valued at around $10,166,000. This move reflects a growing interest in inflation-protected securities among institutional investors, particularly in light of recent market fluctuations.
Other Institutional Investments in iShares TIPS Bond ETF
Several other investment firms have also adjusted their stakes in the iShares TIPS Bond ETF. Fermata Advisors LLC boosted its holdings by 16.0% in the same quarter, acquiring an additional 6,514 shares to reach a total of 47,115 shares, valued at $5,240,000.
Carr Financial Group Corp entered the ETF market with a new position worth approximately $621,000 during the third quarter. Additionally, Arbor Investment Advisors LLC increased its stake by 2.0%, now owning 314,433 shares valued at $34,600,000 after adding 6,157 shares in the previous quarter.
Moreover, Avalon Trust Co has significantly raised its position by 526.9%, bringing its total holdings to 1,724 shares worth $190,000 after purchasing 1,449 shares recently. Ethos Financial Group LLC also increased its stake by 21.3%, now holding 176,445 shares valued at $19,416,000.
Market Performance of iShares TIPS Bond ETF
On the trading front, the iShares TIPS Bond ETF opened at $109.78 on Tuesday, marking a slight decrease of 0.1%. Over the past year, the ETF has experienced fluctuations, with a low of $106.09 and a high of $112.26. The fund currently boasts a market capitalization of $13.94 billion, a price-to-earnings (PE) ratio of 12.40, and a beta of 0.26.
Additionally, it has a fifty-day moving average of $111.00 and a 200-day moving average of $110.53, indicating a stable performance in a fluctuating market environment.
The iShares TIPS Bond ETF, formerly known as the iShares Barclays Treasury Inflation Protected Securities Bond Fund, aims to reflect the price and yield performance of the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index. This index tracks the performance of publicly issued U.S. Treasury inflation-protected securities that have at least one year remaining to maturity and are rated investment-grade with a minimum face value of $250 million.
For those interested in tracking institutional investments in the iShares TIPS Bond ETF, HoldingsChannel.com offers insights into recent 13F filings and insider trading activity.
