Parker Financial LLC Decreases Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Parker Financial LLC trimmed its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 22.8% in the fourth quarter, according to the company in its most recent filing with the SEC. 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 holdings, making the stock its 24th biggest holding. Parker Financial LLC’s holdings in iShares TIPS Bond ETF were worth $641,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Eastern Bank purchased a new position in iShares TIPS Bond ETF in the 3rd quarter worth $37,000. Strategic Investment Solutions Inc. IL grew its stake in shares of iShares TIPS Bond ETF by 102.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 404 shares of the exchange traded fund’s stock valued at $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 during the fourth quarter valued at about $45,000. GPS Wealth Strategies Group LLC increased its holdings in shares of iShares TIPS Bond ETF by 26.0% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 100 shares during the period. Finally, Eagle Bay Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter valued at about $96,000.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $108.26 on Wednesday. The business has a 50-day moving average of $107.37 and a 200 day moving average of $108.42. iShares TIPS Bond ETF has a 1-year low of $104.67 and a 1-year high of $111.06. The stock has a market capitalization of $18.78 billion, a PE ratio of 11.86 and a beta of 0.09.

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).