iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Position Cut by HighTower Advisors LLC

HighTower Advisors LLC trimmed its holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 18.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,580 shares of the company’s stock after selling 44,217 shares during the quarter. HighTower Advisors LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $19,776,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in STIP. 3EDGE Asset Management LP lifted its position in iShares 0-5 Year TIPS Bond ETF by 156.7% in the fourth quarter. 3EDGE Asset Management LP now owns 1,261,483 shares of the company’s stock worth $126,905,000 after purchasing an additional 770,017 shares during the period. Assetmark Inc. lifted its position in iShares 0-5 Year TIPS Bond ETF by 459,144.4% in the fourth quarter. Assetmark Inc. now owns 578,648 shares of the company’s stock worth $58,212,000 after purchasing an additional 578,522 shares during the period. Dynasty Wealth Management LLC acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth approximately $44,239,000. Raymond James Financial Inc. acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth approximately $40,443,000. Finally, Flputnam Investment Management Co. lifted its position in iShares 0-5 Year TIPS Bond ETF by 55.4% in the fourth quarter. Flputnam Investment Management Co. now owns 705,873 shares of the company’s stock worth $71,011,000 after purchasing an additional 251,606 shares during the period.

iShares 0-5 Year TIPS Bond ETF Stock Performance

STIP opened at $102.46 on Friday. iShares 0-5 Year TIPS Bond ETF has a 1-year low of $98.53 and a 1-year high of $102.90. The business has a 50 day moving average price of $101.68 and a two-hundred day moving average price of $101.12.

iShares 0-5 Year TIPS Bond ETF Profile

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.