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

Truist Financial Corp trimmed its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 14.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 84,931 shares of the company’s stock after selling 14,666 shares during the quarter. Truist Financial Corp’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $8,544,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STIP. LPL Financial LLC boosted its holdings in iShares 0-5 Year TIPS Bond ETF by 16.0% in the third quarter. LPL Financial LLC now owns 1,463,439 shares of the company’s stock valued at $148,276,000 after purchasing an additional 201,769 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 57.1% during the third quarter. Victory Capital Management Inc. now owns 370,019 shares of the company’s stock worth $37,490,000 after purchasing an additional 134,440 shares during the period. Modera Wealth Management LLC lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 5.9% during the third quarter. Modera Wealth Management LLC now owns 1,811,595 shares of the company’s stock worth $183,551,000 after purchasing an additional 101,437 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 99.6% during the third quarter. Integrated Wealth Concepts LLC now owns 199,270 shares of the company’s stock worth $20,190,000 after purchasing an additional 99,455 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 8.2% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 898,882 shares of the company’s stock worth $90,428,000 after purchasing an additional 68,332 shares during the period.

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

Shares of NYSEARCA STIP opened at $102.00 on Friday. The stock has a fifty day moving average price of $101.08 and a 200 day moving average price of $100.86. iShares 0-5 Year TIPS Bond ETF has a 1-year low of $98.49 and a 1-year high of $102.06.

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.