ProVise Management Group LLC Has $14.37 Million Position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

ProVise Management Group LLC reduced its holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 145,778 shares of the company’s stock after selling 10,443 shares during the quarter. iShares 0-5 Year TIPS Bond ETF comprises 1.2% of ProVise Management Group LLC’s portfolio, making the stock its 21st biggest holding. ProVise Management Group LLC owned approximately 0.12% of iShares 0-5 Year TIPS Bond ETF worth $14,372,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in STIP. North Star Investment Management Corp. lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 153.0% in the fourth quarter. North Star Investment Management Corp. now owns 253 shares of the company’s stock valued at $25,000 after buying an additional 153 shares during the period. Y.D. More Investments Ltd bought a new position in iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth about $27,000. Delos Wealth Advisors LLC bought a new position in iShares 0-5 Year TIPS Bond ETF during the third quarter worth about $29,000. Tennessee Valley Asset Management Partners bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at approximately $30,000. Finally, Sound Income Strategies LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 245.7% in the fourth quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock valued at $36,000 after purchasing an additional 258 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of STIP stock traded up $0.07 on Friday, hitting $99.32. The stock had a trading volume of 149,808 shares, compared to its average volume of 568,172. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $96.27 and a twelve month high of $99.52. The company has a fifty day moving average price of $99.23 and a two-hundred day moving average price of $98.64.

About iShares 0-5 Year TIPS Bond ETF

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.