Freedom Investment Management Inc. cut its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) by 7.1% in the 3rd quarter, Holdings Channel reports. The fund owned 11,829 shares of the company’s stock after selling 900 shares during the quarter. Freedom Investment Management Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,198,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its position in iShares 0-5 Year TIPS Bond ETF by 5,300.0% in the second quarter. Larson Financial Group LLC now owns 270 shares of the company’s stock worth $27,000 after acquiring an additional 265 shares in the last quarter. IAG Wealth Partners LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the second quarter valued at about $30,000. Ridgewood Investments LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the second quarter valued at about $34,000. Gleason Group Inc. purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the second quarter valued at about $46,000. Finally, Deane Retirement Strategies Inc. purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the second quarter valued at about $54,000.
iShares 0-5 Year TIPS Bond ETF Stock Performance
NYSEARCA STIP opened at $100.97 on Thursday. The company has a 50-day simple moving average of $100.92 and a two-hundred day simple moving average of $100.12. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $97.36 and a 12-month high of $101.52.
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.
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Want to see what other hedge funds are holding STIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report).
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