Courier Capital LLC Reduces Stock Position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Courier Capital LLC reduced its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 3.3% in the third quarter, HoldingsChannel.com reports. The firm owned 98,542 shares of the company’s stock after selling 3,346 shares during the period. Courier Capital LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $9,984,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in 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 purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the second quarter worth about $30,000. Ridgewood Investments LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the second quarter worth about $34,000. Palisade Asset Management LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the first quarter worth about $35,000. Finally, Gleason Group Inc. purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the second quarter worth about $46,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

STIP traded down $0.14 on Wednesday, hitting $100.76. The company had a trading volume of 225,831 shares, compared to its average volume of 457,520. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $96.74 and a 52-week high of $101.52. The stock has a fifty day simple moving average of $100.79 and a 200-day simple moving average of $99.85.

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.