Truist Financial Corp Lowers Stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Truist Financial Corp lessened its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 140,685 shares of the company’s stock after selling 21,105 shares during the period. Truist Financial Corp’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $13,870,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. North Star Investment Management Corp. grew its position in shares of iShares 0-5 Year TIPS Bond ETF by 153.0% during the 4th quarter. North Star Investment Management Corp. now owns 253 shares of the company’s stock worth $25,000 after buying an additional 153 shares in the last quarter. Farmers & Merchants Investments Inc. purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the third quarter worth about $26,000. Delos Wealth Advisors LLC bought a new position in iShares 0-5 Year TIPS Bond ETF during the 3rd quarter worth about $29,000. Tennessee Valley Asset Management Partners purchased a new position in iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at about $30,000. Finally, Sound Income Strategies LLC raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 245.7% in the 4th quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock valued at $36,000 after purchasing an additional 258 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Trading Up 0.1 %

NYSEARCA STIP opened at $98.69 on Thursday. The firm’s 50 day moving average price is $99.16 and its 200-day moving average price is $98.42. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $96.27 and a 52-week high of $99.52.

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.