Parker Financial LLC Trims Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Parker Financial LLC reduced its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 22.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,015 shares of the exchange traded fund’s stock after selling 1,775 shares during the quarter. iShares TIPS Bond ETF accounts for about 0.3% of Parker Financial LLC’s investment portfolio, making the stock its 24th largest position. Parker Financial LLC’s holdings in iShares TIPS Bond ETF were worth $641,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eastern Bank bought a new position in shares of iShares TIPS Bond ETF in the third quarter worth approximately $37,000. Strategic Investment Solutions Inc. IL increased its holdings in shares of iShares TIPS Bond ETF by 102.0% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock worth $45,000 after buying an additional 204 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of iShares TIPS Bond ETF in the 4th quarter worth $45,000. GPS Wealth Strategies Group LLC raised its position in shares of iShares TIPS Bond ETF by 26.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock valued at $52,000 after buying an additional 100 shares in the last quarter. Finally, Eagle Bay Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth $96,000.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP opened at $108.26 on Wednesday. The firm has a market capitalization of $18.78 billion, a PE ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06. The firm has a fifty day moving average of $107.37 and a 200 day moving average of $108.42.

iShares TIPS Bond ETF 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).