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

Synovus Financial Corp trimmed its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 18.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,200 shares of the company’s stock after selling 1,379 shares during the period. Synovus Financial Corp’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $624,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in STIP. Brooklyn FI LLC raised its holdings in iShares 0-5 Year TIPS Bond ETF by 6,349.4% in the fourth quarter. Brooklyn FI LLC now owns 1,215,009 shares of the company’s stock worth $122,469,000 after purchasing an additional 1,196,170 shares in the last quarter. 3EDGE Asset Management LP grew its position in shares of iShares 0-5 Year TIPS Bond ETF by 156.7% in the 4th quarter. 3EDGE Asset Management LP now owns 1,261,483 shares of the company’s stock worth $126,905,000 after buying an additional 770,017 shares during the last quarter. Assetmark Inc. raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 459,144.4% during the 4th quarter. Assetmark Inc. now owns 578,648 shares of the company’s stock worth $58,212,000 after acquiring an additional 578,522 shares in the last quarter. Dynasty Wealth Management LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the fourth quarter valued at approximately $44,239,000. Finally, Raymond James Financial Inc. acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at approximately $40,443,000.

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

NYSEARCA STIP opened at $102.57 on Thursday. The firm’s fifty day simple moving average is $102.49 and its two-hundred day simple moving average is $101.44. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $98.53 and a 12-month high of $103.61.

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.