Assetmark Inc. Sells 409,918 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

Assetmark Inc. lowered its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 90.6% during the 1st quarter, HoldingsChannel reports. 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Adventist Health System Sunbelt Healthcare Corp purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth $74,745,000. Bank of America Corp DE boosted its position in iShares 0-5 Year TIPS Bond ETF by 71.1% in the second quarter. Bank of America Corp DE now owns 1,615,034 shares of the company’s stock worth $166,203,000 after purchasing 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% during the 4th quarter. Beacon Pointe Advisors LLC now owns 556,671 shares of the company’s stock valued at $56,997,000 after purchasing an additional 365,234 shares during the period. SB Capital Management Inc purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at about $36,983,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 155.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 503,045 shares of the company’s stock worth $51,995,000 after purchasing an additional 305,961 shares during the period.

iShares 0-5 Year TIPS Bond ETF Price Performance

STIP opened at $101.31 on Thursday. The company’s 50 day moving average is $102.23 and its 200 day moving average is $102.84. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $101.11 and a 12-month high of $104.16.

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.