Avantax Advisory Services Inc. Reduces Stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Avantax Advisory Services Inc. lessened its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,754 shares of the company’s stock after selling 1,146 shares during the period. Avantax Advisory Services Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,685,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Knuff & Co LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth about $26,000. Pflug Koory LLC raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 534.7% during the 4th quarter. Pflug Koory LLC now owns 476 shares of the company’s stock valued at $48,000 after buying an additional 401 shares during the period. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at approximately $52,000. Providence First Trust Co acquired a new position in iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at approximately $75,000. Finally, Ridgewood Investments LLC grew its position in iShares 0-5 Year TIPS Bond ETF by 33.0% in the fourth quarter. Ridgewood Investments LLC now owns 818 shares of the company’s stock worth $82,000 after acquiring an additional 203 shares during the period.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA:STIP opened at $102.43 on Tuesday. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $98.53 and a 52 week high of $102.90. The stock’s fifty day moving average is $101.71 and its two-hundred day moving average is $101.14.

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.