PNC Financial Services Group Inc. Lowers Holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

PNC Financial Services Group Inc. lowered its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 168,300 shares of the company’s stock after selling 12,269 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $16,931,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of STIP. Pflug Koory LLC increased its position in iShares 0-5 Year TIPS Bond ETF by 534.7% during the fourth quarter. Pflug Koory LLC now owns 476 shares of the company’s stock worth $48,000 after purchasing an additional 401 shares during the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at $52,000. Providence First Trust Co acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth $75,000. Ridgewood Investments LLC raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 33.0% in the 4th quarter. Ridgewood Investments LLC now owns 818 shares of the company’s stock worth $82,000 after buying an additional 203 shares during the period. Finally, Peterson Financial Group Inc. acquired a new position in iShares 0-5 Year TIPS Bond ETF in the third quarter valued at $177,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

STIP stock opened at $102.64 on Tuesday. The stock has a 50-day moving average price of $101.48 and a two-hundred day moving average price of $101.04. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $98.53 and a 12-month high of $102.90.

iShares 0-5 Year TIPS Bond ETF Company 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.