Mirae Asset Global Investments Co. Ltd. Sells 26,000 Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 37.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 43,000 shares of the company’s stock after selling 26,000 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $4,239,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in STIP. Jane Street Group LLC raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 191.8% during the fourth quarter. Jane Street Group LLC now owns 6,548,745 shares of the company’s stock valued at $634,966,000 after acquiring an additional 4,304,421 shares during the last quarter. Financial Gravity Asset Management Inc. raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 2,326.3% during the third quarter. Financial Gravity Asset Management Inc. now owns 1,677,104 shares of the company’s stock valued at $180,182,000 after acquiring an additional 1,607,982 shares during the last quarter. BlackRock Inc. raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 207.9% during the first quarter. BlackRock Inc. now owns 2,293,877 shares of the company’s stock valued at $240,720,000 after acquiring an additional 1,548,838 shares during the last quarter. State Street Corp bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the second quarter valued at about $69,793,000. Finally, First Command Advisory Services Inc. bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the third quarter valued at about $49,412,000.

iShares 0-5 Year TIPS Bond ETF Stock Down 0.0 %

Shares of NYSEARCA:STIP opened at $99.25 on Tuesday. The company has a 50-day moving average price of $99.01 and a 200-day moving average price of $98.22. iShares 0-5 Year TIPS Bond ETF has a 12 month low of $96.27 and a 12 month high of $99.52.

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.