iShares TIPS Bond ETF $TIP Shares Acquired by Patten Group Inc.

Patten Group Inc. lifted its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 14.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,946 shares of the exchange traded fund’s stock after acquiring an additional 7,268 shares during the period. iShares TIPS Bond ETF accounts for approximately 1.2% of Patten Group Inc.’s investment portfolio, making the stock its 14th biggest holding. Patten Group Inc.’s holdings in iShares TIPS Bond ETF were worth $6,369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter worth about $834,000. Park Avenue Securities LLC raised its position in shares of iShares TIPS Bond ETF by 339.0% during the 4th quarter. Park Avenue Securities LLC now owns 27,677 shares of the exchange traded fund’s stock worth $3,042,000 after acquiring an additional 21,372 shares in the last quarter. Bank of America Corp DE raised its position in shares of iShares TIPS Bond ETF by 32.3% during the 3rd quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock worth $1,908,042,000 after acquiring an additional 4,189,926 shares in the last quarter. Fermata Advisors LLC raised its position in shares of iShares TIPS Bond ETF by 16.0% during the 3rd quarter. Fermata Advisors LLC now owns 47,115 shares of the exchange traded fund’s stock worth $5,240,000 after acquiring an additional 6,514 shares in the last quarter. Finally, Carr Financial Group Corp acquired a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter worth about $621,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $111.28 on Tuesday. iShares TIPS Bond ETF has a fifty-two week low of $107.98 and a fifty-two week high of $112.26. The firm has a market capitalization of $14.07 billion, a PE ratio of 12.40 and a beta of 0.28. The stock’s 50-day simple moving average is $110.93 and its 200-day simple moving average is $110.81.

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). 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.