Sovereign Financial Group Inc. cut its holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) by 19.0% during the third quarter, Holdings Channel.com reports. The firm owned 3,425 shares of the company’s stock after selling 802 shares during the quarter. Sovereign Financial Group Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $347,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its holdings in iShares 0-5 Year TIPS Bond ETF by 5,300.0% during the second quarter. Larson Financial Group LLC now owns 270 shares of the company’s stock worth $27,000 after purchasing an additional 265 shares during the period. IAG Wealth Partners LLC acquired a new position in iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at $30,000. Ridgewood Investments LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter valued at approximately $34,000. Palisade Asset Management LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 1st quarter worth $35,000. Finally, Gleason Group Inc. acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at $46,000.
iShares 0-5 Year TIPS Bond ETF Price Performance
Shares of STIP stock opened at $100.82 on Thursday. iShares 0-5 Year TIPS Bond ETF has a 12 month low of $96.74 and a 12 month high of $101.52. The business’s 50-day moving average price is $100.60 and its 200-day moving average price is $99.74.
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.
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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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