Patton Albertson Miller Group LLC Trims Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Patton Albertson Miller Group LLC lowered its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 15.4% in the third quarter, HoldingsChannel.com reports. The firm owned 19,539 shares of the exchange traded fund’s stock after selling 3,549 shares during the period. Patton Albertson Miller Group LLC’s holdings in iShares TIPS Bond ETF were worth $2,158,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. purchased a new stake in iShares TIPS Bond ETF during the 2nd quarter worth approximately $26,000. Private Ocean LLC grew its position in shares of iShares TIPS Bond ETF by 66.7% in the 2nd quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 116 shares during the last quarter. Gradient Investments LLC increased its position in shares of iShares TIPS Bond ETF by 352.7% during the second quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 261 shares in the last quarter. Eastern Bank purchased a new stake in iShares TIPS Bond ETF in the third quarter valued at approximately $37,000. Finally, Hobbs Group Advisors LLC purchased a new stake in iShares TIPS Bond ETF in the 2nd quarter valued at $40,000.

iShares TIPS Bond ETF Trading Up 0.5 %

iShares TIPS Bond ETF stock opened at $108.36 on Tuesday. The stock has a 50 day moving average of $108.99 and a two-hundred day moving average of $108.11. iShares TIPS Bond ETF has a twelve month low of $104.25 and a twelve month high of $111.06. The stock has a market capitalization of $18.80 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09.

iShares TIPS Bond ETF Company 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).