PNC Financial Services Group Inc. Sells 9,796 Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

PNC Financial Services Group Inc. decreased its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,569 shares of the company’s stock after selling 9,796 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.22% of iShares 0-5 Year TIPS Bond ETF worth $18,295,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in STIP. Dynasty Wealth Management LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 1st quarter valued at $44,227,000. New York Life Investment Management LLC lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 415.8% in the second quarter. New York Life Investment Management LLC now owns 268,939 shares of the company’s stock worth $26,757,000 after buying an additional 216,799 shares in the last quarter. Cetera Investment Advisers boosted its holdings in iShares 0-5 Year TIPS Bond ETF by 120.5% in the 1st quarter. Cetera Investment Advisers now owns 374,766 shares of the company’s stock valued at $37,263,000 after purchasing an additional 204,788 shares during the period. Jane Street Group LLC grew its position in shares of iShares 0-5 Year TIPS Bond ETF by 760.6% during the 1st quarter. Jane Street Group LLC now owns 216,701 shares of the company’s stock valued at $21,547,000 after purchasing an additional 191,521 shares in the last quarter. Finally, Brookstone Capital Management raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 4,176.7% in the third quarter. Brookstone Capital Management now owns 185,739 shares of the company’s stock worth $18,819,000 after buying an additional 181,396 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of NYSEARCA STIP opened at $100.77 on Friday. The business has a 50-day moving average of $100.94 and a 200-day moving average of $100.07. iShares 0-5 Year TIPS Bond ETF has a 12 month low of $97.28 and a 12 month high of $101.52.

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.