Empowered Funds LLC Reduces Holdings in iShares 0-5 Year TIPS Bond ETF $STIP

Empowered Funds LLC lowered its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 1.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 508,001 shares of the company’s stock after selling 8,639 shares during the quarter. Empowered Funds LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $52,364,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STIP. Parallel Advisors LLC grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 16.0% during the third quarter. Parallel Advisors LLC now owns 811 shares of the company’s stock valued at $84,000 after acquiring an additional 112 shares in the last quarter. United Asset Strategies Inc. boosted its holdings in iShares 0-5 Year TIPS Bond ETF by 1.8% in the first quarter. United Asset Strategies Inc. now owns 6,594 shares of the company’s stock valued at $682,000 after purchasing an additional 119 shares during the last quarter. Breakwater Capital Group boosted its holdings in iShares 0-5 Year TIPS Bond ETF by 0.4% in the first quarter. Breakwater Capital Group now owns 28,642 shares of the company’s stock valued at $2,962,000 after purchasing an additional 120 shares during the last quarter. Running Point Capital Advisors LLC grew its stake in iShares 0-5 Year TIPS Bond ETF by 36.9% during the 4th quarter. Running Point Capital Advisors LLC now owns 449 shares of the company’s stock valued at $46,000 after purchasing an additional 121 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in iShares 0-5 Year TIPS Bond ETF by 0.4% during the 1st quarter. Chicago Partners Investment Group LLC now owns 29,739 shares of the company’s stock valued at $3,085,000 after purchasing an additional 122 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

STIP stock opened at $101.11 on Tuesday. The stock’s 50 day moving average is $102.09 and its two-hundred day moving average is $102.81. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $101.10 and a 52-week high of $104.16.

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.