Wallace Advisory Group LLC Reduces Stake in iShares Short-Term TIPS Bond ETF

Recently, Wallace Advisory Group LLC reported a decrease in their investment in the iShares 0-5 Year TIPS Bond ETF (STIP), which is traded on the NYSEARCA. The finance company sold off 5.2% of its shares in the ETF during the third quarter of the financial year. The sale amounted to 1,415 shares, leaving Wallace Advisory Group with 25,989 shares in the fund. This adjustment in their portfolio was disclosed in their latest filing with the Securities and Exchange Commission (SEC).

Portfolio Impact

Despite the reduction, the iShares 0-5 Year TIPS Bond ETF remains a significant asset in Wallace Advisory Group's investment portfolio, accounting for about 1.9% and ranking as the 12th largest holding. The firm's investment in STIP was valued at approximately $2,537,000 by the end of the quarter.

Other Investors' Moves

In the broader investment scene, Wallace Advisory Group isn't the only entity adjusting its stake in STIP. Other institutional investors have been making notable changes too. Jane Street Group LLC, for instance, increased its shares by a substantial 191.8% during the fourth quarter. Conversely, other firms like Portside Wealth Group LLC and Empower Advisory Group LLC have been establishing new stakes in the ETF during the year.

Performance of STIP

The price of STIP shares has seen fluctuations within the year, having a 12-month low and high of $96.27 and $99.66, respectively. Its performance is closely monitored through moving averages over different periods, which give investors insights into market trends.

About iShares 0-5 Year TIPS Bond ETF

Founded in 2010 and managed by BlackRock, the iShares 0-5 Year TIPS Bond ETF is geared towards providing investors exposure to U.S. Treasury Inflation-Protected Securities with short-term maturities of less than five years. The fund's strategy involves focusing on investment grade fixed income, reflecting a market-value-weighted index.

Wallace, iShares, TIPS, ETF, STIP, Investment, Reduction, SEC, BlackRock