Strategic Wealth Partners Ltd. Sells 1,071 Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Strategic Wealth Partners Ltd. lowered its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 21.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,813 shares of the company’s stock after selling 1,071 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $388,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in STIP. Principal Financial Group Inc. lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 60.9% during the 4th quarter. Principal Financial Group Inc. now owns 16,445 shares of the company’s stock valued at $1,654,000 after acquiring an additional 6,225 shares during the period. First United Bank & Trust lifted its position in iShares 0-5 Year TIPS Bond ETF by 19.2% during the fourth quarter. First United Bank & Trust now owns 1,914 shares of the company’s stock worth $193,000 after purchasing an additional 308 shares during the period. JPMorgan Chase & Co. lifted its position in iShares 0-5 Year TIPS Bond ETF by 3.2% during the fourth quarter. JPMorgan Chase & Co. now owns 528,778 shares of the company’s stock worth $53,195,000 after purchasing an additional 16,338 shares during the period. Independent Advisor Alliance acquired a new stake in iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth about $471,000. Finally, M. Kulyk & Associates LLC increased its holdings in iShares 0-5 Year TIPS Bond ETF by 2.1% in the 4th quarter. M. Kulyk & Associates LLC now owns 520,673 shares of the company’s stock valued at $52,380,000 after buying an additional 10,936 shares during the period.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of NYSEARCA:STIP opened at $102.46 on Tuesday. The firm has a 50 day moving average of $102.75 and a 200-day moving average of $101.74. iShares 0-5 Year TIPS Bond ETF has a 12 month low of $98.84 and a 12 month high of $103.61.

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.