Financial Advocates Investment Management Decreases Stock Holdings in iShares 0-5 Year TIPS Bond ETF $STIP

Financial Advocates Investment Management lowered its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 42.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,137 shares of the company’s stock after selling 9,622 shares during the period. Financial Advocates Investment Management’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,358,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of STIP. Meridian Wealth Management LLC lifted its holdings in iShares 0-5 Year TIPS Bond ETF by 2.2% during the 3rd quarter. Meridian Wealth Management LLC now owns 4,602 shares of the company’s stock worth $476,000 after buying an additional 101 shares during the last quarter. Gilliland Jeter Wealth Management LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 1.1% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 10,210 shares of the company’s stock valued at $1,055,000 after acquiring an additional 115 shares during the last quarter. Avant Financial Advisors LLC raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 2.3% during the 2nd quarter. Avant Financial Advisors LLC now owns 5,244 shares of the company’s stock worth $540,000 after acquiring an additional 119 shares in the last quarter. Prospera Financial Services Inc lifted its stake 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 purchasing an additional 120 shares during the last quarter. Finally, Stratos Investment Management LLC lifted its stake in iShares 0-5 Year TIPS Bond ETF by 2.4% during the third quarter. Stratos Investment Management LLC now owns 5,224 shares of the company’s stock worth $540,000 after purchasing an additional 121 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Up 0.1%

Shares of STIP opened at $102.99 on Friday. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $101.63 and a 52-week high of $103.93. The stock has a 50 day moving average price of $102.58 and a 200 day moving average price of $103.00.

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.