Pinnacle Financial Partners Inc Sells 2,230 Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Pinnacle Financial Partners Inc lowered its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,081 shares of the company’s stock after selling 2,230 shares during the quarter. Pinnacle Financial Partners Inc owned about 0.06% of iShares 0-5 Year TIPS Bond ETF worth $4,669,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Larson Financial Group LLC lifted its stake in iShares 0-5 Year TIPS Bond ETF by 5,300.0% in the 2nd quarter. Larson Financial Group LLC now owns 270 shares of the company’s stock valued at $27,000 after acquiring an additional 265 shares in the last quarter. IAG Wealth Partners LLC acquired a new position in iShares 0-5 Year TIPS Bond ETF during the second quarter worth $30,000. Ridgewood Investments LLC bought a new position in iShares 0-5 Year TIPS Bond ETF in the second quarter valued at $34,000. Gleason Group Inc. bought a new position in iShares 0-5 Year TIPS Bond ETF in the second quarter valued at $46,000. Finally, Deane Retirement Strategies Inc. acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at $54,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of NYSEARCA STIP opened at $100.62 on Thursday. The business has a 50-day moving average of $100.93 and a 200-day moving average of $100.01. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $97.09 and a fifty-two week high of $101.52.

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.