HighTower Advisors LLC Trims Stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

HighTower Advisors LLC reduced its holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 18.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 196,580 shares of the company’s stock after selling 44,217 shares during the period. HighTower Advisors LLC owned about 0.24% of iShares 0-5 Year TIPS Bond ETF worth $19,776,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Cascade Financial Partners LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 6.9% during the fourth quarter. Cascade Financial Partners LLC now owns 37,239 shares of the company’s stock worth $3,746,000 after buying an additional 2,404 shares during the last quarter. Fairway Wealth LLC grew its stake in iShares 0-5 Year TIPS Bond ETF by 22.8% during the 4th quarter. Fairway Wealth LLC now owns 18,403 shares of the company’s stock worth $1,851,000 after purchasing an additional 3,419 shares in the last quarter. SoundView Advisors Inc. acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth about $16,751,000. Independent Advisor Alliance acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth about $471,000. Finally, NBT Bank N A NY grew its stake in iShares 0-5 Year TIPS Bond ETF by 14.5% during the 4th quarter. NBT Bank N A NY now owns 86,286 shares of the company’s stock worth $8,680,000 after buying an additional 10,928 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA:STIP opened at $102.46 on Friday. The stock’s 50 day moving average price is $101.68 and its 200 day moving average price is $101.12. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $98.53 and a 52-week high of $102.90.

About iShares 0-5 Year TIPS Bond ETF

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.