Echo45 Advisors LLC Sells 5,138 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

Echo45 Advisors LLC lowered its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 12.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,189 shares of the company’s stock after selling 5,138 shares during the quarter. iShares 0-5 Year TIPS Bond ETF accounts for about 2.1% of Echo45 Advisors LLC’s holdings, making the stock its 18th largest position. Echo45 Advisors LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $3,603,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of STIP. Bank of America Corp DE lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 71.1% in the 2nd quarter. Bank of America Corp DE now owns 1,615,034 shares of the company’s stock worth $166,203,000 after acquiring an additional 671,145 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 155.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 503,045 shares of the company’s stock worth $51,995,000 after acquiring an additional 305,961 shares during the period. Farther Finance Advisors LLC lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 66.1% in the 4th quarter. Farther Finance Advisors LLC now owns 738,524 shares of the company’s stock worth $75,618,000 after acquiring an additional 293,986 shares during the period. Ameriprise Financial Inc. lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 34.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 789,010 shares of the company’s stock worth $81,254,000 after acquiring an additional 203,509 shares during the period. Finally, MML Investors Services LLC lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 131.3% in the 2nd quarter. MML Investors Services LLC now owns 272,321 shares of the company’s stock worth $28,025,000 after acquiring an additional 154,608 shares during the period.

iShares 0-5 Year TIPS Bond ETF Trading Down 0.1%

Shares of STIP stock opened at $103.32 on Friday. The stock has a 50 day moving average of $103.52 and a two-hundred day moving average of $103.04. iShares 0-5 Year TIPS Bond ETF has a 12 month low of $101.98 and a 12 month 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.