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

Parker Financial LLC lowered its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,335 shares of the exchange traded fund’s stock after selling 253 shares during the period. iShares TIPS Bond ETF comprises 0.7% of Parker Financial LLC’s portfolio, making the stock its 23rd largest holding. Parker Financial LLC’s holdings in iShares TIPS Bond ETF were worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Pettinga Financial Advisors LLC boosted its holdings in iShares TIPS Bond ETF by 9.2% during the fourth quarter. Pettinga Financial Advisors LLC now owns 13,116 shares of the exchange traded fund’s stock worth $1,410,000 after buying an additional 1,104 shares in the last quarter. Sage Financial Group Inc. boosted its holdings in iShares TIPS Bond ETF by 29.1% during the fourth quarter. Sage Financial Group Inc. now owns 29,250 shares of the exchange traded fund’s stock worth $3,144,000 after buying an additional 6,594 shares in the last quarter. Deane Retirement Strategies Inc. acquired a new position in iShares TIPS Bond ETF during the fourth quarter worth about $7,533,000. Professional Financial Advisors LLC acquired a new position in iShares TIPS Bond ETF during the fourth quarter worth about $232,000. Finally, First National Corp MA ADV raised its position in iShares TIPS Bond ETF by 75.1% during the fourth quarter. First National Corp MA ADV now owns 7,139 shares of the exchange traded fund’s stock worth $767,000 after acquiring an additional 3,061 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

TIP traded up $0.33 during midday trading on Wednesday, reaching $107.37. 1,758,082 shares of the company’s stock were exchanged, compared to its average volume of 2,148,016. The business’s 50-day moving average price is $106.75 and its 200 day moving average price is $105.59. iShares TIPS Bond ETF has a 1-year low of $101.74 and a 1-year high of $111.26.

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).