Mirae Asset Global Investments Co. Ltd. Cuts Stock Position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Mirae Asset Global Investments Co. Ltd. lowered its holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 12.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,500 shares of the company’s stock after selling 6,000 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.05% of iShares 0-5 Year TIPS Bond ETF worth $4,208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dynasty Wealth Management LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 1st quarter valued at $44,227,000. New York Life Investment Management LLC lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 415.8% during the 2nd quarter. New York Life Investment Management LLC now owns 268,939 shares of the company’s stock valued at $26,757,000 after buying an additional 216,799 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 120.5% during the 1st quarter. Cetera Investment Advisers now owns 374,766 shares of the company’s stock valued at $37,263,000 after buying an additional 204,788 shares during the last quarter. Jane Street Group LLC lifted its holdings in iShares 0-5 Year TIPS Bond ETF by 760.6% during the 1st quarter. Jane Street Group LLC now owns 216,701 shares of the company’s stock worth $21,547,000 after purchasing an additional 191,521 shares in the last quarter. Finally, Brookstone Capital Management lifted its holdings in iShares 0-5 Year TIPS Bond ETF by 4,176.7% during the 3rd quarter. Brookstone Capital Management now owns 185,739 shares of the company’s stock worth $18,819,000 after purchasing an additional 181,396 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of STIP opened at $100.72 on Wednesday. The stock’s 50-day simple moving average is $100.87 and its 200 day simple moving average is $99.90. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $96.74 and a 52-week high of $101.52.

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.