Sovereign Financial Group Inc. Has $347,000 Stock Position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Sovereign Financial Group Inc. decreased its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 19.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,425 shares of the company’s stock after selling 802 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $347,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC grew its holdings in iShares 0-5 Year TIPS Bond ETF by 5,300.0% during the second quarter. Larson Financial Group LLC now owns 270 shares of the company’s stock valued at $27,000 after purchasing an additional 265 shares during the last quarter. IAG Wealth Partners LLC acquired a new position in iShares 0-5 Year TIPS Bond ETF in the second quarter worth about $30,000. Ridgewood Investments LLC acquired a new position in iShares 0-5 Year TIPS Bond ETF in the second quarter worth about $34,000. Palisade Asset Management LLC bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 1st quarter worth approximately $35,000. Finally, Gleason Group Inc. acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at $46,000.

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

iShares 0-5 Year TIPS Bond ETF stock opened at $100.82 on Thursday. The stock has a fifty day moving average price of $100.60 and a two-hundred day moving average price of $99.74. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $96.74 and a 52-week high of $101.52.

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.