PNC Financial Services Group Inc. Sells 9,563 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

PNC Financial Services Group Inc. reduced its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 5.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 157,585 shares of the company’s stock after selling 9,563 shares during the period. PNC Financial Services Group Inc. owned 0.11% of iShares 0-5 Year TIPS Bond ETF worth $16,299,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Chapman Financial Group LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter valued at approximately $26,000. IFC & Insurance Marketing Inc. bought a new stake in iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at $27,000. Caldwell Trust Co purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $29,000. Kingdom Financial Group LLC. purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at $29,000. Finally, Torren Management LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at $41,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of STIP opened at $101.23 on Friday. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $101.11 and a 52-week high of $104.16. The stock’s 50-day simple moving average is $102.14 and its 200 day simple moving average is $102.82.

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.