Ewing Morris & Co. Investment Partners Ltd. Sells 14,030 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

Ewing Morris & Co. Investment Partners Ltd. lessened its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 62.0% in the second quarter, HoldingsChannel.com reports. The firm owned 8,585 shares of the company’s stock after selling 14,030 shares during the quarter. Ewing Morris & Co. Investment Partners Ltd.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $877,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Chapman Financial Group LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter worth $26,000. IFC & Insurance Marketing Inc. purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at $27,000. Kingdom Financial Group LLC. purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at $29,000. Beacon Financial Strategies CORP bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 2nd quarter worth $38,000. Finally, Birchwood Financial Partners Inc. bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth $42,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

STIP stock opened at $100.70 on Thursday. The firm’s 50-day moving average price is $101.12 and its two-hundred day moving average price is $102.46. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $100.53 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.