Municipal Employees Retirement System of Michigan reduced its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) by 21.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,402 shares of the company’s stock after selling 25,798 shares during the period. Municipal Employees Retirement System of Michigan owned approximately 0.08% of iShares 0-5 Year TIPS Bond ETF worth $9,768,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Rossmore Private Capital bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the third quarter worth $26,000. Chapman Financial Group LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the second quarter worth $26,000. Caldwell Trust Co bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $29,000. Kingdom Financial Group LLC. bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $29,000. Finally, Avalon Trust Co bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the third quarter worth $41,000.
iShares 0-5 Year TIPS Bond ETF Stock Down 0.0%
NYSEARCA STIP opened at $103.28 on Friday. The firm’s fifty day moving average price is $103.52 and its two-hundred day moving average price is $103.04. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $101.98 and a fifty-two week high of $104.16.
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.
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