Patriot Investment Management Group Inc. Has $1.24 Million Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Patriot Investment Management Group Inc. decreased its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,618 shares of the exchange traded fund’s stock after selling 609 shares during the period. Patriot Investment Management Group Inc.’s holdings in iShares TIPS Bond ETF were worth $1,238,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TIP. Shilanski & Associates Inc. lifted its holdings in iShares TIPS Bond ETF by 3.5% during the 4th quarter. Shilanski & Associates Inc. now owns 84,567 shares of the exchange traded fund’s stock valued at $9,011,000 after purchasing an additional 2,896 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of iShares TIPS Bond ETF by 8.0% during the 4th quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock worth $1,583,000 after buying an additional 1,102 shares during the last quarter. Whalen Wealth Management Inc. boosted its holdings in shares of iShares TIPS Bond ETF by 44.1% during the 4th quarter. Whalen Wealth Management Inc. now owns 3,324 shares of the exchange traded fund’s stock worth $354,000 after buying an additional 1,018 shares during the period. SG Americas Securities LLC grew its stake in iShares TIPS Bond ETF by 25,645.3% in the 4th quarter. SG Americas Securities LLC now owns 273,930 shares of the exchange traded fund’s stock valued at $29,187,000 after buying an additional 272,866 shares during the last quarter. Finally, LifeGuide Financial Advisors LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter valued at about $200,000.

iShares TIPS Bond ETF Stock Performance

TIP opened at $107.24 on Friday. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.06. The company has a market capitalization of $18.61 billion, a P/E ratio of 11.86 and a beta of 0.09. The stock has a fifty day moving average of $107.38 and a 200-day moving average of $108.31.

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).