Shepherd Financial Partners LLC Sells 251 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Shepherd Financial Partners LLC reduced its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,582 shares of the exchange traded fund’s stock after selling 251 shares during the quarter. Shepherd Financial Partners LLC’s holdings in iShares TIPS Bond ETF were worth $1,279,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC raised its stake in iShares TIPS Bond ETF by 10,652.4% in the 3rd quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock worth $44,412,000 after acquiring an additional 398,292 shares during the last quarter. Confluence Wealth Services Inc. acquired a new position in iShares TIPS Bond ETF in the 2nd quarter worth approximately $213,000. TIAA Trust National Association lifted its stake in iShares TIPS Bond ETF by 3.2% during the 2nd quarter. TIAA Trust National Association now owns 88,468 shares of the exchange traded fund’s stock valued at $9,447,000 after acquiring an additional 2,776 shares during the period. Buck Wealth Strategies LLC boosted its stake in shares of iShares TIPS Bond ETF by 1,108.6% in the second quarter. Buck Wealth Strategies LLC now owns 68,057 shares of the exchange traded fund’s stock worth $7,267,000 after buying an additional 62,426 shares during the last quarter. Finally, Nisa Investment Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF during the 2nd quarter worth approximately $27,453,000.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP traded down $0.27 during midday trading on Friday, reaching $108.04. 958,735 shares of the company’s stock traded hands, compared to its average volume of 1,923,588. The company has a fifty day simple moving average of $109.57 and a two-hundred day simple moving average of $107.83. iShares TIPS Bond ETF has a 1 year low of $103.19 and a 1 year high of $111.06. The company has a market cap of $18.74 billion, a P/E 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).