14,042 Shares in iShares TIPS Bond ETF $TIP Bought by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 14,042 shares of the exchange traded fund’s stock, valued at approximately $1,461,000.

A number of other institutional investors have also recently made changes to their positions in TIP. Bank of America Corp DE lifted its stake in shares of iShares TIPS Bond ETF by 18.1% in the 1st quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock valued at $2,685,035,000 after acquiring an additional 3,729,751 shares during the last quarter. Mather Group LLC. purchased a new position in shares of iShares TIPS Bond ETF in the third quarter worth $240,163,000. Kwmg LLC purchased a new position in shares of iShares TIPS Bond ETF in the third quarter worth $34,858,000. CI Investments Inc. increased its stake in shares of iShares TIPS Bond ETF by 28.7% in the first quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock worth $128,772,000 after buying an additional 260,055 shares during the period. Finally, Pictet Asset Management Holding SA boosted its position in iShares TIPS Bond ETF by 16.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock valued at $164,565,000 after buying an additional 214,700 shares during the period. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Trading Up 0.1%

TIP stock opened at $106.31 on Tuesday. The stock has a market capitalization of $14.56 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. The firm’s 50-day moving average price is $105.77 and its two-hundred day moving average price is $108.94. iShares TIPS Bond ETF has a 12-month low of $103.75 and a 12-month high of $112.04.

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.