iShares TIPS Bond ETF (NYSEARCA:TIP) Stock Holdings Lessened by Prosperity Planning Inc.

Prosperity Planning Inc. reduced its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,495 shares of the exchange traded fund’s stock after selling 400 shares during the period. Prosperity Planning Inc.’s holdings in iShares TIPS Bond ETF were worth $1,343,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TIP. JPMorgan Chase & Co. raised its position in shares of iShares TIPS Bond ETF by 17.6% during the third quarter. JPMorgan Chase & Co. now owns 5,577,654 shares of the exchange traded fund’s stock valued at $578,524,000 after buying an additional 835,933 shares during the last quarter. Envestnet Asset Management Inc. raised 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 during the period. Charles Schwab Investment Management Inc. increased its position in shares of iShares TIPS Bond ETF by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,716,680 shares of the exchange traded fund’s stock worth $385,494,000 after acquiring an additional 148,842 shares in the last quarter. Rock Creek Group LP grew its position in shares of 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 acquiring an additional 2,624,661 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of iShares TIPS Bond ETF by 37.7% during the 3rd quarter. LPL Financial LLC now owns 2,155,028 shares of the exchange traded fund’s stock worth $223,520,000 after buying an additional 589,881 shares during the last quarter.

iShares TIPS Bond ETF Stock Down 0.5 %

Shares of NYSEARCA:TIP traded down $0.52 during midday trading on Wednesday, hitting $105.01. The stock had a trading volume of 3,188,294 shares, compared to its average volume of 2,199,130. The company has a market capitalization of $18.22 billion, a P/E ratio of 11.86 and a beta of 0.09. The company’s 50-day moving average price is $106.51 and its 200-day moving average price is $105.99. iShares TIPS Bond ETF has a fifty-two week low of $101.74 and a fifty-two week high of $110.47.

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).