Portside Wealth Group LLC reduced its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) by 0.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,114 shares of the company’s stock after selling 141 shares during the quarter. Portside Wealth Group LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,633,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ridgewood Investments LLC lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 33.0% during the 4th quarter. Ridgewood Investments LLC now owns 818 shares of the company’s stock worth $82,000 after purchasing an additional 203 shares during the last quarter. Peterson Financial Group Inc. bought a new position in iShares 0-5 Year TIPS Bond ETF in the third quarter worth $177,000. Coldstream Capital Management Inc. bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at $200,000. CWA Asset Management Group LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 3rd quarter worth approximately $204,000. Finally, W.H. Cornerstone Investments Inc. acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at $205,000.
iShares 0-5 Year TIPS Bond ETF Stock Performance
Shares of NYSEARCA:STIP opened at $101.15 on Friday. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $98.36 and a twelve month high of $101.52. The business has a fifty day moving average of $100.74 and a 200-day moving average of $100.52.
About iShares 0-5 Year TIPS Bond ETF
The iShares 0-5 Year TIPS Bond ETF (STIP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US Treasury Inflation-Protected Securities (TIPS) with a remaining maturity of less than 5 years. STIP was launched on Dec 1, 2010 and is managed by BlackRock.
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