Municipal Employees Retirement System of Michigan decreased its holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) by 21.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,402 shares of the company’s stock after selling 25,798 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $9,768,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of STIP. Rossmore Private Capital bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the third quarter worth $26,000. Chapman Financial Group LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter worth $26,000. Caldwell Trust Co bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth $29,000. Kingdom Financial Group LLC. bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth $29,000. Finally, Avalon Trust Co bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the third quarter worth $41,000.
iShares 0-5 Year TIPS Bond ETF Price Performance
Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $103.28 on Friday. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $101.98 and a twelve month high of $104.16. The company’s fifty day moving average is $103.52 and its 200 day moving average is $103.04.
iShares 0-5 Year TIPS Bond ETF Company 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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