Assetmark Inc. Lowers Position in iShares 0-5 Year TIPS Bond ETF $STIP

Assetmark Inc. trimmed its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 90.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,584 shares of the company’s stock after selling 409,918 shares during the period. Assetmark Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $4,404,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Adventist Health System Sunbelt Healthcare Corp purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth about $74,745,000. Bank of America Corp DE raised its stake in iShares 0-5 Year TIPS Bond ETF by 71.1% during the second quarter. Bank of America Corp DE now owns 1,615,034 shares of the company’s stock valued at $166,203,000 after buying an additional 671,145 shares during the last quarter. Beacon Pointe Advisors LLC grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 190.8% in the fourth quarter. Beacon Pointe Advisors LLC now owns 556,671 shares of the company’s stock worth $56,997,000 after acquiring an additional 365,234 shares during the last quarter. SB Capital Management Inc bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter valued at $36,983,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 155.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 503,045 shares of the company’s stock valued at $51,995,000 after acquiring an additional 305,961 shares in the last quarter.

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

Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $101.31 on Thursday. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $101.11 and a 1 year high of $104.16. The firm’s 50-day moving average is $102.23 and its 200 day moving average is $102.84.

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.