Parker Financial LLC Sells 253 Shares of 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 its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,335 shares of the exchange traded fund’s stock after selling 253 shares during the quarter. iShares TIPS Bond ETF comprises approximately 0.7% of Parker Financial LLC’s holdings, 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 SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Meritas Wealth Management LLC lifted its position in iShares TIPS Bond ETF by 1.8% during the 3rd quarter. Meritas Wealth Management LLC now owns 5,658 shares of the exchange traded fund’s stock valued at $587,000 after purchasing an additional 100 shares during the period. Bragg Financial Advisors Inc increased its stake in shares of iShares TIPS Bond ETF by 0.6% in the 4th quarter. Bragg Financial Advisors Inc now owns 17,600 shares of the exchange traded fund’s stock valued at $1,873,000 after acquiring an additional 101 shares during the last quarter. Cedar Brook Financial Partners LLC increased its stake in shares of iShares TIPS Bond ETF by 0.8% in the 3rd quarter. Cedar Brook Financial Partners LLC now owns 12,742 shares of the exchange traded fund’s stock valued at $1,322,000 after acquiring an additional 101 shares during the last quarter. Gradient Investments LLC increased its stake in shares of iShares TIPS Bond ETF by 15.6% in the 3rd quarter. Gradient Investments LLC now owns 763 shares of the exchange traded fund’s stock valued at $79,000 after acquiring an additional 103 shares during the last quarter. Finally, AlphaCore Capital LLC increased its stake in shares of iShares TIPS Bond ETF by 5.9% in the 3rd quarter. AlphaCore Capital LLC now owns 1,859 shares of the exchange traded fund’s stock valued at $193,000 after acquiring an additional 103 shares during the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of TIP stock traded up $0.33 on Wednesday, reaching $107.37. The company had a trading volume of 1,758,082 shares, compared to its average volume of 2,148,016. The company has a 50-day moving average of $106.75 and a 200-day moving average of $105.59. iShares TIPS Bond ETF has a 12 month low of $101.74 and a 12 month high of $111.26.

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).