Ellis Investment Partners LLC Reduces Holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Ellis Investment Partners LLC reduced its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 42.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,342 shares of the company’s stock after selling 5,308 shares during the period. Ellis Investment Partners LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $744,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 5,300.0% in the second quarter. Larson Financial Group LLC now owns 270 shares of the company’s stock worth $27,000 after buying an additional 265 shares during the period. IAG Wealth Partners LLC bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the second quarter valued at about $30,000. Ridgewood Investments LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the second quarter worth about $34,000. Palisade Asset Management LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the first quarter worth about $35,000. Finally, Gleason Group Inc. bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter worth about $46,000.

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

STIP traded down $0.06 during midday trading on Friday, reaching $100.73. 225,458 shares of the company’s stock traded hands, compared to its average volume of 456,062. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $96.74 and a 52 week high of $101.52. The firm has a fifty day moving average of $100.84 and a two-hundred day moving average of $99.87.

About iShares 0-5 Year TIPS Bond ETF

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.