Welch & Forbes LLC Has $2.67 Million Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Welch & Forbes LLC decreased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 7.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,792 shares of the exchange traded fund’s stock after selling 2,013 shares during the period. Welch & Forbes LLC’s holdings in iShares TIPS Bond ETF were worth $2,665,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of iShares TIPS Bond ETF by 17.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,577,654 shares of the exchange traded fund’s stock valued at $578,524,000 after purchasing an additional 835,933 shares during the period. Envestnet Asset Management Inc. increased its holdings in iShares TIPS Bond ETF by 179.2% in the third quarter. Envestnet Asset Management Inc. now owns 5,036,259 shares of the exchange traded fund’s stock worth $522,361,000 after purchasing an additional 3,232,628 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in iShares TIPS Bond ETF by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,716,680 shares of the exchange traded fund’s stock valued at $385,494,000 after buying an additional 148,842 shares during the period. Rock Creek Group LP increased its stake in iShares TIPS Bond ETF by 1,992.9% in the 3rd quarter. Rock Creek Group LP now owns 2,756,361 shares of the exchange traded fund’s stock valued at $285,890,000 after buying an additional 2,624,661 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of iShares TIPS Bond ETF by 37.7% in the third quarter. LPL Financial LLC now owns 2,155,028 shares of the exchange traded fund’s stock valued at $223,520,000 after acquiring an additional 589,881 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

NYSEARCA:TIP traded down $0.02 during trading on Tuesday, reaching $105.96. The company’s stock had a trading volume of 2,088,690 shares, compared to its average volume of 2,185,500. The firm has a 50 day moving average of $106.47 and a 200-day moving average of $106.09. The firm has a market cap of $18.38 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12 month low of $101.74 and a 12 month high of $109.99.

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).