iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. trimmed its holdings in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 38.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,505 shares of the company’s stock after selling 1,535 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $252,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of STIP. 3EDGE Asset Management LP boosted its stake in iShares 0-5 Year TIPS Bond ETF by 156.7% during the 4th quarter. 3EDGE Asset Management LP now owns 1,261,483 shares of the company’s stock valued at $126,905,000 after acquiring an additional 770,017 shares during the last quarter. LPL Financial LLC lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 16.0% during the third quarter. LPL Financial LLC now owns 1,463,439 shares of the company’s stock worth $148,276,000 after purchasing an additional 201,769 shares during the last quarter. Jacobson & Schmitt Advisors LLC acquired a new position in iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth about $17,578,000. New York Life Investment Management LLC increased its holdings in iShares 0-5 Year TIPS Bond ETF by 91.6% in the fourth quarter. New York Life Investment Management LLC now owns 332,198 shares of the company’s stock valued at $33,419,000 after buying an additional 158,818 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in iShares 0-5 Year TIPS Bond ETF by 57.1% in the third quarter. Victory Capital Management Inc. now owns 370,019 shares of the company’s stock valued at $37,490,000 after buying an additional 134,440 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Up 0.3 %

NYSEARCA:STIP opened at $102.72 on Friday. The business’s 50 day moving average is $101.27 and its two-hundred day moving average is $100.95. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $98.53 and a 52 week high of $102.72.

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.