Northwestern Mutual Wealth Management Co. Has $33.94 Million Position in iShares 0-5 Year TIPS Bond ETF $STIP

Northwestern Mutual Wealth Management Co. cut its holdings in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 34.1% during the fourth quarter, Holdings Channel reports. The fund owned 331,428 shares of the company’s stock after selling 171,617 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $33,935,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Meridian Wealth Management LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 2.2% during the 3rd quarter. Meridian Wealth Management LLC now owns 4,602 shares of the company’s stock worth $476,000 after acquiring an additional 101 shares during the last quarter. Blue Edge Capital LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 2.4% during the 3rd quarter. Blue Edge Capital LLC now owns 4,798 shares of the company’s stock worth $496,000 after acquiring an additional 112 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 16.0% during the 3rd quarter. Parallel Advisors LLC now owns 811 shares of the company’s stock worth $84,000 after acquiring an additional 112 shares during the last quarter. BWM Planning LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 2.0% during the 4th quarter. BWM Planning LLC now owns 5,899 shares of the company’s stock worth $604,000 after acquiring an additional 118 shares during the last quarter. Finally, Prospera Financial Services Inc increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 1.3% during the 3rd quarter. Prospera Financial Services Inc now owns 9,527 shares of the company’s stock worth $985,000 after acquiring an additional 120 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

STIP stock opened at $103.67 on Friday. iShares 0-5 Year TIPS Bond ETF has a 1-year low of $101.98 and a 1-year high of $104.16. The business’s 50 day simple moving average is $103.52 and its 200 day simple moving average is $103.06.

iShares 0-5 Year TIPS Bond ETF Company 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.