Avantax Advisory Services Inc. Sells 13,779 Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Avantax Advisory Services Inc. reduced its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 37.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,987 shares of the company’s stock after selling 13,779 shares during the period. Avantax Advisory Services Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $2,286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gilliland Jeter Wealth Management LLC bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at approximately $1,803,000. SVB Wealth LLC boosted its holdings in iShares 0-5 Year TIPS Bond ETF by 49.4% in the 4th quarter. SVB Wealth LLC now owns 20,238 shares of the company’s stock worth $1,995,000 after buying an additional 6,690 shares during the period. CFS Investment Advisory Services LLC boosted 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 buying an additional 6,408 shares during the period. First United Bank & Trust bought a new position in iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth approximately $77,000. Finally, TSA Wealth Managment LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth approximately $670,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA STIP traded up $0.04 on Wednesday, hitting $99.65. The stock had a trading volume of 141,285 shares, compared to its average volume of 499,262. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $96.27 and a 52-week high of $99.66. The firm has a 50-day moving average of $99.24 and a 200-day moving average of $99.05.

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.