Patten Group Inc. Buys 9,685 Shares of iShares TIPS Bond ETF $TIP

Patten Group Inc. lifted its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 74.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 22,715 shares of the exchange traded fund’s stock after purchasing an additional 9,685 shares during the period. Patten Group Inc.’s holdings in iShares TIPS Bond ETF were worth $2,500,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Gladwyn Financial Advisors Inc. purchased a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter worth approximately $25,000. Golden State Wealth Management LLC lifted its position in shares of iShares TIPS Bond ETF by 295.0% in the 1st quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 177 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of iShares TIPS Bond ETF in the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of iShares TIPS Bond ETF in the 2nd quarter worth approximately $28,000. Finally, Rossby Financial LCC purchased a new stake in shares of iShares TIPS Bond ETF in the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $112.02 on Wednesday. The company has a 50 day moving average price of $111.19 and a 200-day moving average price of $109.91. iShares TIPS Bond ETF has a fifty-two week low of $106.04 and a fifty-two week high of $112.26. The stock has a market capitalization of $14.09 billion, a PE ratio of 12.40 and a beta of 0.19.

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).