Patriot Investment Management Group Inc. Sells 609 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Patriot Investment Management Group Inc. trimmed its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,618 shares of the exchange traded fund’s stock after selling 609 shares during the quarter. Patriot Investment Management Group Inc.’s holdings in iShares TIPS Bond ETF were worth $1,238,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Tsfg LLC boosted its holdings in shares of iShares TIPS Bond ETF by 8.3% during the 3rd quarter. Tsfg LLC now owns 1,212 shares of the exchange traded fund’s stock valued at $134,000 after acquiring an additional 93 shares in the last quarter. KMG Fiduciary Partners LLC increased its holdings in iShares TIPS Bond ETF by 0.6% in the third quarter. KMG Fiduciary Partners LLC now owns 16,016 shares of the exchange traded fund’s stock valued at $1,769,000 after purchasing an additional 100 shares during the period. Regal Investment Advisors LLC grew its position in shares of iShares TIPS Bond ETF by 2.0% in the 2nd quarter. Regal Investment Advisors LLC now owns 5,509 shares of the exchange traded fund’s stock valued at $588,000 after buying an additional 108 shares during the last quarter. First United Bank & Trust lifted its stake in shares of iShares TIPS Bond ETF by 3.2% in the third quarter. First United Bank & Trust now owns 3,458 shares of the exchange traded fund’s stock worth $382,000 after acquiring an additional 108 shares during the period. Finally, FC Advisory LLC boosted its holdings in iShares TIPS Bond ETF by 2.0% in the fourth quarter. FC Advisory LLC now owns 5,511 shares of the exchange traded fund’s stock valued at $587,000 after acquiring an additional 110 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $107.24 on Friday. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-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 company’s 50 day moving average price is $107.38 and its 200-day moving average price is $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).