Advisor Resource Council Sells 25,312 Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Advisor Resource Council reduced its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 89.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,068 shares of the company’s stock after selling 25,312 shares during the period. Advisor Resource Council’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $304,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kovack Advisors Inc. raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 23.0% during the first quarter. Kovack Advisors Inc. now owns 5,386 shares of the company’s stock worth $535,000 after purchasing an additional 1,007 shares during the period. DMC Group LLC raised its holdings in iShares 0-5 Year TIPS Bond ETF by 5.5% during the first quarter. DMC Group LLC now owns 13,956 shares of the company’s stock worth $1,388,000 after buying an additional 726 shares during the last quarter. Norden Group LLC lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 328.7% in the first quarter. Norden Group LLC now owns 9,485,856 shares of the company’s stock valued at $943,179,000 after buying an additional 7,273,167 shares in the last quarter. Northland Capital Management LLC grew its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 1.1% during the first quarter. Northland Capital Management LLC now owns 133,615 shares of the company’s stock valued at $13,285,000 after buying an additional 1,468 shares during the last quarter. Finally, Tower Wealth Partners Inc. increased its position in shares of iShares 0-5 Year TIPS Bond ETF by 2.5% during the first quarter. Tower Wealth Partners Inc. now owns 36,924 shares of the company’s stock worth $3,671,000 after acquiring an additional 903 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

STIP opened at $99.15 on Friday. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $96.27 and a fifty-two week high of $99.57. The company’s 50-day moving average is $99.18 and its 200 day moving average is $98.99.

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.