Miracle Mile Advisors LLC reduced its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,092 shares of the company’s stock after selling 868 shares during the period. Miracle Mile Advisors LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $915,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in STIP. Ridgewood Investments LLC increased its stake in iShares 0-5 Year TIPS Bond ETF by 33.0% in the 4th quarter. Ridgewood Investments LLC now owns 818 shares of the company’s stock worth $82,000 after buying an additional 203 shares in the last quarter. Peterson Financial Group Inc. bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the third quarter worth about $177,000. Coldstream Capital Management Inc. purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the third quarter worth about $200,000. CWA Asset Management Group LLC bought a new stake in iShares 0-5 Year TIPS Bond ETF during the 3rd quarter valued at approximately $204,000. Finally, W.H. Cornerstone Investments Inc. purchased a new position in iShares 0-5 Year TIPS Bond ETF in the 3rd quarter worth approximately $205,000.
iShares 0-5 Year TIPS Bond ETF Stock Up 0.3 %
Shares of STIP opened at $101.08 on Thursday. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $98.36 and a 1 year high of $101.52. The company has a 50 day simple moving average of $100.72 and a two-hundred day simple moving average of $100.49.
About iShares 0-5 Year TIPS Bond ETF
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.
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