LPL Financial LLC Sells 86,021 Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

LPL Financial LLC cut its holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 6.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,261,670 shares of the company’s stock after selling 86,021 shares during the period. LPL Financial LLC owned approximately 1.56% of iShares 0-5 Year TIPS Bond ETF worth $125,524,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. CFS Investment Advisory Services LLC grew its holdings in iShares 0-5 Year TIPS Bond ETF by 24.3% in the 4th quarter. CFS Investment Advisory Services LLC now owns 32,734 shares of the company’s stock worth $3,227,000 after acquiring an additional 6,408 shares during the last quarter. TSA Wealth Managment LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at about $670,000. Trademark Financial Management LLC bought a new position in iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at approximately $678,000. Northland Capital Management LLC raised its position in iShares 0-5 Year TIPS Bond ETF by 1.1% during the 1st quarter. Northland Capital Management LLC now owns 133,615 shares of the company’s stock valued at $13,285,000 after purchasing an additional 1,468 shares during the last quarter. Finally, Brookstone Capital Management lifted its holdings in iShares 0-5 Year TIPS Bond ETF by 3.8% in the 1st quarter. Brookstone Capital Management now owns 3,469 shares of the company’s stock worth $345,000 after buying an additional 127 shares during the period.

iShares 0-5 Year TIPS Bond ETF Price Performance

STIP opened at $100.87 on Friday. The stock’s 50 day moving average price is $99.97 and its 200-day moving average price is $99.46. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $96.27 and a 52-week high of $100.89.

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.