Mirae Asset Global Investments Reduces Stake in iShares 0-5 Year TIPS Bond ETF

Mirae Asset Global Investments Co. Ltd. has reduced its investment in the iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) by 12.6% during the third quarter of the year, as revealed in a recent filing with the Securities and Exchange Commission (SEC). Following this transaction, the firm now owns 41,500 shares of the ETF after selling off 6,000 shares during the quarter. As per the latest SEC report, Mirae Asset holds about 0.05% of the iShares 0-5 Year TIPS Bond ETF, which is equivalent to a value of $4,208,000.

Additionally, other institutional investors have also been adjusting their positions in the iShares 0-5 Year TIPS Bond ETF. Dynasty Wealth Management LLC made a significant move by acquiring a new stake valued at $44,227,000 in the first quarter. Meanwhile, New York Life Investment Management LLC has increased its holdings by 415.8% in the second quarter, bringing its total ownership to 268,939 shares valued at $26,757,000 after purchasing an additional 216,799 shares.

Similarly, Cetera Investment Advisers raised its stake by 120.5% during the first quarter, currently holding 374,766 shares worth $37,263,000 after acquiring 204,788 more shares last quarter. Jane Street Group LLC also boosted its holdings by an impressive 760.6% in the same quarter, giving it ownership of 216,701 shares valued at $21,547,000 following a purchase of 191,521 shares.

Furthermore, Brookstone Capital Management saw a dramatic increase in its holdings, lifting its position in the iShares 0-5 Year TIPS Bond ETF by 4,176.7% during the third quarter. They now own 185,739 shares with a value of $18,819,000 after acquiring an additional 181,396 shares during the quarter.

Recent Performance of iShares 0-5 Year TIPS Bond ETF

As of Wednesday, shares of the iShares 0-5 Year TIPS Bond ETF opened at $100.72. The ETF's 50-day simple moving average stands at $100.87, and the 200-day simple moving average is at $99.90. Over the past year, the fund has seen a low of $96.74 and a high of $101.52.

Overview of iShares 0-5 Year TIPS Bond ETF

The iShares 0-5 Year TIPS Bond ETF (STIP) is an exchange-traded fund primarily focused on investing in investment-grade fixed income. It follows a market-value-weighted index comprised of US Treasury Inflation-Protected Securities (TIPS) that have a remaining maturity of less than five years. Established on December 1, 2010, this fund is managed by BlackRock.

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For those interested in understanding the latest activity of hedge funds holding STIP, updated 13F filings and insider trading information can be found on various financial websites.

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Mirae, Investments, ETF