Cetera Investment Advisers Trims Stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Cetera Investment Advisers cut its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 5.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 354,811 shares of the company’s stock after selling 19,955 shares during the period. Cetera Investment Advisers’ holdings in iShares 0-5 Year TIPS Bond ETF were worth $35,300,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 5,300.0% in the 2nd quarter. Larson Financial Group LLC now owns 270 shares of the company’s stock worth $27,000 after purchasing an additional 265 shares during the period. IAG Wealth Partners LLC bought a new position in iShares 0-5 Year TIPS Bond ETF in the second quarter worth approximately $30,000. Ridgewood Investments LLC bought a new position in iShares 0-5 Year TIPS Bond ETF in the second quarter worth approximately $34,000. Palisade Asset Management LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the first quarter worth $35,000. Finally, Gleason Group Inc. bought a new stake in iShares 0-5 Year TIPS Bond ETF during the 2nd quarter valued at $46,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

STIP opened at $101.34 on Thursday. iShares 0-5 Year TIPS Bond ETF has a 12 month low of $96.27 and a 12 month high of $101.52. The stock has a fifty day moving average price of $100.44 and a 200-day moving average price of $99.67.

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.