Patriot Financial Group Insurance Agency LLC Lowers Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Patriot Financial Group Insurance Agency LLC decreased its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 12.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,458 shares of the exchange traded fund’s stock after selling 511 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in iShares TIPS Bond ETF were worth $382,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TIP. Woodmont Investment Counsel LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 1st quarter worth about $49,000. RTD Financial Advisors Inc. grew its holdings in shares of iShares TIPS Bond ETF by 3.0% during the 1st quarter. RTD Financial Advisors Inc. now owns 113,771 shares of the exchange traded fund’s stock worth $12,220,000 after purchasing an additional 3,337 shares during the period. GenTrust LLC grew its holdings in shares of iShares TIPS Bond ETF by 4.0% during the 1st quarter. GenTrust LLC now owns 188,471 shares of the exchange traded fund’s stock worth $20,244,000 after purchasing an additional 7,329 shares during the period. Principal Financial Group Inc. grew its holdings in shares of iShares TIPS Bond ETF by 0.9% during the 1st quarter. Principal Financial Group Inc. now owns 13,577 shares of the exchange traded fund’s stock worth $1,458,000 after purchasing an additional 117 shares during the period. Finally, Norden Group LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 1st quarter worth about $258,000.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP opened at $108.21 on Wednesday. iShares TIPS Bond ETF has a 1 year low of $102.46 and a 1 year high of $111.06. The stock has a market capitalization of $18.77 billion, a P/E ratio of 11.86 and a beta of 0.09. The stock has a 50-day simple moving average of $109.60 and a 200-day simple moving average of $107.82.

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).