iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. lowered its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 26.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,040 shares of the company’s stock after selling 1,487 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $409,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Modera Wealth Management LLC increased its position in shares of iShares 0-5 Year TIPS Bond ETF by 5.9% during the third quarter. Modera Wealth Management LLC now owns 1,811,595 shares of the company’s stock worth $183,551,000 after purchasing an additional 101,437 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 5.9% in the 3rd quarter. Ritholtz Wealth Management now owns 1,512,948 shares of the company’s stock valued at $153,292,000 after acquiring an additional 84,443 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 6.2% in the second quarter. Wealthcare Advisory Partners LLC now owns 807,384 shares of the company’s stock valued at $80,327,000 after buying an additional 47,113 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 19.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 716,221 shares of the company’s stock valued at $71,214,000 after purchasing an additional 117,423 shares during the last quarter. Finally, Destination Wealth Management increased its stake in iShares 0-5 Year TIPS Bond ETF by 1.8% in the 2nd quarter. Destination Wealth Management now owns 688,194 shares of the company’s stock valued at $68,468,000 after buying an additional 12,497 shares during the period.

iShares 0-5 Year TIPS Bond ETF Trading Down 0.1 %

Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $100.52 on Friday. The company’s 50-day simple moving average is $100.93 and its 200-day simple moving average is $100.01. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $97.09 and a 52-week high of $101.52.

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.