Wealth Enhancement Advisory Services LLC Sells 8,600 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

Wealth Enhancement Advisory Services LLC lessened its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 238,303 shares of the company’s stock after selling 8,600 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.19% of iShares 0-5 Year TIPS Bond ETF worth $24,610,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in iShares 0-5 Year TIPS Bond ETF by 356.2% in the second quarter. Envestnet Asset Management Inc. now owns 3,245,078 shares of the company’s stock worth $333,946,000 after purchasing an additional 2,533,763 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 71.1% during the 2nd quarter. Bank of America Corp DE now owns 1,615,034 shares of the company’s stock valued at $166,203,000 after buying an additional 671,145 shares in the last quarter. Maseco LLP bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter worth $64,472,000. Amplius Wealth Advisors LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 17,600.5% in the 3rd quarter. Amplius Wealth Advisors LLC now owns 469,418 shares of the company’s stock worth $48,519,000 after purchasing an additional 466,766 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 34.1% in the second quarter. JPMorgan Chase & Co. now owns 1,543,492 shares of the company’s stock valued at $158,841,000 after acquiring an additional 392,850 shares during the period.

iShares 0-5 Year TIPS Bond ETF Stock Performance

STIP opened at $102.49 on Thursday. iShares 0-5 Year TIPS Bond ETF has a one year low of $100.99 and a one year high of $103.93. The company has a fifty day moving average price of $102.62 and a 200-day moving average price of $102.99.

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.