Amara Financial LLC. Cuts Stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Amara Financial LLC. cut its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,548 shares of the company’s stock after selling 640 shares during the period. iShares 0-5 Year TIPS Bond ETF makes up about 0.8% of Amara Financial LLC.’s holdings, making the stock its 17th largest holding. Amara Financial LLC.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STIP. Pflug Koory LLC lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 534.7% during the 4th quarter. Pflug Koory LLC now owns 476 shares of the company’s stock worth $48,000 after acquiring an additional 401 shares during the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth approximately $52,000. Providence First Trust Co bought a new stake in iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at $75,000. Ridgewood Investments LLC boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 33.0% during the fourth quarter. Ridgewood Investments LLC now owns 818 shares of the company’s stock worth $82,000 after purchasing an additional 203 shares during the period. Finally, Peterson Financial Group Inc. purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the third quarter valued at approximately $177,000.

iShares 0-5 Year TIPS Bond ETF Trading Up 0.3 %

Shares of NYSEARCA STIP opened at $102.72 on Monday. The company’s 50-day moving average is $101.27 and its 200 day moving average is $100.96. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $98.53 and a 1 year high of $102.72.

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.