Wellington Shields & Co. LLC Grows Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Wellington Shields & Co. LLC increased its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 97.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,067 shares of the exchange traded fund’s stock after purchasing an additional 2,500 shares during the quarter. Wellington Shields & Co. LLC’s holdings in iShares TIPS Bond ETF were worth $540,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC lifted its holdings in iShares TIPS Bond ETF by 106.7% in the 3rd quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock valued at $772,234,000 after purchasing an additional 3,608,542 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in iShares TIPS Bond ETF by 1.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock valued at $318,257,000 after purchasing an additional 51,713 shares in the last quarter. Sumitomo Life Insurance Co. lifted its holdings in iShares TIPS Bond ETF by 58.0% in the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock valued at $155,749,000 after purchasing an additional 536,610 shares in the last quarter. Assetmark Inc. lifted its holdings in iShares TIPS Bond ETF by 1,852.1% in the 4th quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock valued at $154,764,000 after purchasing an additional 1,378,094 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of iShares TIPS Bond ETF by 7.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 893,256 shares of the exchange traded fund’s stock worth $105,032,000 after acquiring an additional 58,066 shares during the period.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $109.42 on Friday. The firm has a market cap of $14.25 billion, a P/E ratio of 12.32 and a beta of 0.28. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.06. The firm’s 50-day simple moving average is $108.31 and its 200-day simple moving average is $108.53.

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).