Record 20.4% move in 3Q for Public IP company stock index (PIPX)
PIPX reported a 20.4% gain for the 3Q vs. just 3.3% for the S&P 500.
It was the PIPX’s best performance since the index began tracking IP licensing companies in 2011. The PIPX is a capitalization-weighted, price-return measure of the change in value of this segment of publicly traded companies.
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