Independent Wealth Network Inc. Sells 884 Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Independent Wealth Network Inc. decreased its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 14.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,426 shares of the company’s stock after selling 884 shares during the period. Independent Wealth Network Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $530,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Fortune 45 LLC grew its position in iShares 0-5 Year TIPS Bond ETF by 32.5% in the first quarter. Fortune 45 LLC now owns 22,968 shares of the company’s stock valued at $2,410,000 after purchasing an additional 5,634 shares in the last quarter. JPMorgan Chase & Co. grew its position in iShares 0-5 Year TIPS Bond ETF by 9,831.0% in the first quarter. JPMorgan Chase & Co. now owns 59,586 shares of the company’s stock valued at $6,253,000 after purchasing an additional 58,986 shares in the last quarter. US Bancorp DE grew its position in iShares 0-5 Year TIPS Bond ETF by 14,981.5% in the first quarter. US Bancorp DE now owns 4,072 shares of the company’s stock valued at $427,000 after purchasing an additional 4,045 shares in the last quarter. Citigroup Inc. lifted its stake in iShares 0-5 Year TIPS Bond ETF by 31.2% in the first quarter. Citigroup Inc. now owns 20,366 shares of the company’s stock valued at $2,137,000 after acquiring an additional 4,840 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in iShares 0-5 Year TIPS Bond ETF by 704.0% in the first quarter. Bank of Montreal Can now owns 19,295 shares of the company’s stock valued at $2,047,000 after acquiring an additional 16,895 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of NYSEARCA STIP traded down $0.01 during mid-day trading on Tuesday, reaching $97.27. 192,131 shares of the company were exchanged, compared to its average volume of 1,037,581. The company’s 50-day simple moving average is $97.22 and its 200-day simple moving average is $97.89. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $96.04 and a twelve month high of $99.66.

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.