New York Life Investment Management LLC Has $15.51 Million Stock Holdings in iShares 0-5 Year TIPS Bond ETF $STIP

New York Life Investment Management LLC decreased its holdings in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 62.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,059 shares of the company’s stock after selling 248,131 shares during the quarter. New York Life Investment Management LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $15,510,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in STIP. Copperleaf Capital LLC bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at $827,000. Carr Financial Group Corp boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 64.6% during the 3rd quarter. Carr Financial Group Corp now owns 23,947 shares of the company’s stock valued at $2,475,000 after acquiring an additional 9,402 shares in the last quarter. Abacus Planning Group Inc. boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 36.1% during the 3rd quarter. Abacus Planning Group Inc. now owns 469,165 shares of the company’s stock valued at $48,493,000 after acquiring an additional 124,335 shares in the last quarter. Austin Asset Management Co Inc increased its stake in iShares 0-5 Year TIPS Bond ETF by 4.1% in the third quarter. Austin Asset Management Co Inc now owns 287,836 shares of the company’s stock valued at $29,751,000 after acquiring an additional 11,233 shares during the period. Finally, SCS Capital Management LLC raised its position in iShares 0-5 Year TIPS Bond ETF by 2.7% in the second quarter. SCS Capital Management LLC now owns 508,917 shares of the company’s stock worth $52,373,000 after purchasing an additional 13,149 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of STIP opened at $102.98 on Tuesday. The company has a 50-day moving average price of $102.57 and a two-hundred day moving average price of $103.00. iShares 0-5 Year TIPS Bond ETF has a 12 month low of $101.51 and a 12 month high of $103.93.

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.