Shepherd Financial Partners LLC Trims Stock Position in iShares TIPS Bond ETF (NYSEARCA:TIP)

Shepherd Financial Partners LLC trimmed its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,435 shares of the exchange traded fund’s stock after selling 147 shares during the quarter. Shepherd Financial Partners LLC’s holdings in iShares TIPS Bond ETF were worth $1,218,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Eastern Bank purchased a new stake in shares of iShares TIPS Bond ETF in the third quarter worth about $37,000. Strategic Investment Solutions Inc. IL boosted its position in 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 purchasing an additional 204 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its position in iShares TIPS Bond ETF by 26.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 100 shares in the last quarter. Sound Income Strategies LLC grew its stake in shares of iShares TIPS Bond ETF by 125.7% during the 3rd quarter. Sound Income Strategies LLC now owns 535 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 298 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter valued at approximately $96,000.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $108.44 on Friday. The company has a market capitalization of $18.81 billion, a PE ratio of 11.86 and a beta of 0.09. The company’s fifty day moving average price is $107.41 and its 200 day moving average price is $108.35. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.06.

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).