Brookstone Capital Management lessened its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Get Rating) by 61.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,703 shares of the company’s stock after selling 32,534 shares during the period. Brookstone Capital Management’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $2,011,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of STIP. Fortune 45 LLC grew its position in iShares 0-5 Year TIPS Bond ETF by 32.5% in the 1st quarter. Fortune 45 LLC now owns 22,968 shares of the company’s stock valued at $2,410,000 after buying an additional 5,634 shares in the last quarter. JPMorgan Chase & Co. grew its position in iShares 0-5 Year TIPS Bond ETF by 9,831.0% in the 1st quarter. JPMorgan Chase & Co. now owns 59,586 shares of the company’s stock valued at $6,253,000 after buying an additional 58,986 shares in the last quarter. US Bancorp DE grew its position in iShares 0-5 Year TIPS Bond ETF by 14,981.5% in the 1st quarter. US Bancorp DE now owns 4,072 shares of the company’s stock valued at $427,000 after buying an additional 4,045 shares in the last quarter. Citigroup Inc. grew its position in iShares 0-5 Year TIPS Bond ETF by 31.2% in the 1st quarter. Citigroup Inc. now owns 20,366 shares of the company’s stock valued at $2,137,000 after buying an additional 4,840 shares in the last quarter. Finally, Bank of Montreal Can grew its position in iShares 0-5 Year TIPS Bond ETF by 704.0% in the 1st quarter. Bank of Montreal Can now owns 19,295 shares of the company’s stock valued at $2,047,000 after buying an additional 16,895 shares in the last quarter.
iShares 0-5 Year TIPS Bond ETF Stock Performance
NYSEARCA:STIP opened at $98.41 on Monday. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $96.04 and a twelve month high of $106.48. The company has a 50-day moving average of $97.58 and a 200-day moving average of $97.42.
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.
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