Patten Group Inc. Raises Stock Position in iShares TIPS Bond ETF $TIP

Patten Group Inc. grew its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 123.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,678 shares of the exchange traded fund’s stock after acquiring an additional 27,963 shares during the period. iShares TIPS Bond ETF comprises about 1.1% of Patten Group Inc.’s holdings, making the stock its 15th biggest position. Patten Group Inc.’s holdings in iShares TIPS Bond ETF were worth $5,636,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Fermata Advisors LLC increased its position in shares of iShares TIPS Bond ETF by 16.0% in the third quarter. Fermata Advisors LLC now owns 47,115 shares of the exchange traded fund’s stock valued at $5,240,000 after buying an additional 6,514 shares in the last quarter. Carr Financial Group Corp acquired a new stake in iShares TIPS Bond ETF in the 3rd quarter valued at about $621,000. Ethos Financial Group LLC increased its holdings in iShares TIPS Bond ETF by 21.3% during the 2nd quarter. Ethos Financial Group LLC now owns 176,445 shares of the exchange traded fund’s stock valued at $19,416,000 after acquiring an additional 30,925 shares in the last quarter. Avalon Trust Co lifted its stake in iShares TIPS Bond ETF by 526.9% in the 2nd quarter. Avalon Trust Co now owns 1,724 shares of the exchange traded fund’s stock valued at $190,000 after buying an additional 1,449 shares in the last quarter. Finally, Archer Investment Management LLC purchased a new stake in iShares TIPS Bond ETF in the 3rd quarter worth approximately $8,131,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock opened at $111.29 on Tuesday. The firm has a market capitalization of $13.94 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a one year low of $106.47 and a one year high of $112.26. The company has a 50 day moving average price of $110.39 and a 200 day moving average price of $110.83.

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.