Rathbones Group PLC Cuts Position in iShares 0-5 Year TIPS Bond ETF $STIP

Rathbones Group PLC trimmed its holdings in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 44.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,735 shares of the company’s stock after selling 6,894 shares during the quarter. Rathbones Group PLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $903,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of STIP. Meridian Wealth Management LLC grew its stake in iShares 0-5 Year TIPS Bond ETF by 2.2% in the 3rd quarter. Meridian Wealth Management LLC now owns 4,602 shares of the company’s stock valued at $476,000 after purchasing an additional 101 shares during the period. Blue Edge Capital LLC boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 2.4% in the 3rd quarter. Blue Edge Capital LLC now owns 4,798 shares of the company’s stock worth $496,000 after buying an additional 112 shares during the last quarter. Parallel Advisors LLC grew its position in iShares 0-5 Year TIPS Bond ETF by 16.0% during the third quarter. Parallel Advisors LLC now owns 811 shares of the company’s stock valued at $84,000 after buying an additional 112 shares during the period. Gilliland Jeter Wealth Management LLC increased its holdings in iShares 0-5 Year TIPS Bond ETF by 1.1% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 10,210 shares of the company’s stock worth $1,055,000 after buying an additional 115 shares during the last quarter. Finally, Prospera Financial Services Inc increased its holdings in iShares 0-5 Year TIPS Bond ETF by 1.3% during the third quarter. Prospera Financial Services Inc now owns 9,527 shares of the company’s stock worth $985,000 after buying an additional 120 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Down 0.0%

NYSEARCA:STIP opened at $103.48 on Tuesday. The firm’s 50 day moving average is $102.80 and its 200 day moving average is $103.01. iShares 0-5 Year TIPS Bond ETF has a 12 month low of $101.67 and a 12 month high of $103.93.

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.