Brookstone Capital Management Reduces Stake in iShares 0-5 Year TIPS Bond ETF $STIP

Brookstone Capital Management lessened its holdings in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,620 shares of the company’s stock after selling 11,156 shares during the quarter. Brookstone Capital Management owned approximately 0.07% of iShares 0-5 Year TIPS Bond ETF worth $9,483,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in iShares 0-5 Year TIPS Bond ETF by 71.1% during the 2nd quarter. Bank of America Corp DE now owns 1,615,034 shares of the company’s stock valued at $166,203,000 after purchasing an additional 671,145 shares during the period. Amplius Wealth Advisors LLC lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 17,600.5% in the 3rd quarter. Amplius Wealth Advisors LLC now owns 469,418 shares of the company’s stock worth $48,519,000 after purchasing an additional 466,766 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 155.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 503,045 shares of the company’s stock valued at $51,995,000 after purchasing an additional 305,961 shares in the last quarter. Miracle Mile Advisors LLC increased its position in shares of iShares 0-5 Year TIPS Bond ETF by 6,120.7% during the third quarter. Miracle Mile Advisors LLC now owns 294,301 shares of the company’s stock valued at $30,419,000 after buying an additional 289,570 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of iShares 0-5 Year TIPS Bond ETF by 113.7% during the third quarter. Farther Finance Advisors LLC now owns 444,538 shares of the company’s stock valued at $45,947,000 after buying an additional 236,497 shares during the period.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of STIP opened at $103.43 on Wednesday. The company has a 50-day simple moving average of $103.07 and a two-hundred day simple moving average of $102.98. iShares 0-5 Year TIPS Bond ETF has a one year low of $101.67 and a one year high of $103.93.

iShares 0-5 Year TIPS Bond ETF 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.