Patton Albertson Miller Group LLC Acquires 14,042 Shares of iShares TIPS Bond ETF $TIP

Patton Albertson Miller Group LLC acquired a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, Holdings Channel reports. The institutional investor acquired 14,042 shares of the exchange traded fund’s stock, valued at approximately $1,461,000.

A number of other large investors have also recently made changes to their positions in the business. CX Institutional bought a new position in shares of iShares TIPS Bond ETF during the third quarter valued at approximately $29,000. Eastern Bank bought a new stake in iShares TIPS Bond ETF during the 3rd quarter valued at $35,000. Timbuktu Capital Management LLC purchased a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at $52,000. Root Financial Partners LLC increased its holdings in shares of iShares TIPS Bond ETF by 39.0% in the 1st quarter. Root Financial Partners LLC now owns 524 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 147 shares during the period. Finally, Realta Investment Advisors increased its holdings in shares of iShares TIPS Bond ETF by 159.2% in the 1st quarter. Realta Investment Advisors now owns 521 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 320 shares during the period. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Trading Up 0.1%

TIP opened at $106.31 on Tuesday. The firm has a market cap of $14.56 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a 12 month low of $103.75 and a 12 month high of $112.04. The stock has a fifty day moving average price of $105.77 and a 200-day moving average price of $108.94.

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.