James Investment Research Inc. decreased its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) by 1.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,600 shares of the company’s stock after selling 494 shares during the period. James Investment Research Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $2,695,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 5,300.0% during the second quarter. Larson Financial Group LLC now owns 270 shares of the company’s stock worth $27,000 after purchasing an additional 265 shares in the last quarter. IAG Wealth Partners LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the second quarter worth about $30,000. Ridgewood Investments LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the second quarter worth about $34,000. Palisade Asset Management LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the first quarter worth about $35,000. Finally, Gleason Group Inc. purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the second quarter worth about $46,000.
iShares 0-5 Year TIPS Bond ETF Price Performance
STIP stock opened at $100.52 on Friday. The firm has a 50-day simple moving average of $100.89 and a 200-day simple moving average of $99.91. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $96.84 and a 52 week high of $101.52.
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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