Truist Financial Corp Trims Position in iShares 0-5 Year TIPS Bond ETF $STIP

Truist Financial Corp decreased its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 9.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,341 shares of the company’s stock after selling 13,064 shares during the quarter. Truist Financial Corp owned approximately 0.10% of iShares 0-5 Year TIPS Bond ETF worth $12,955,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STIP. LGT Financial Advisors LLC acquired a new position in iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at about $26,000. Chapman Financial Group LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 2nd quarter valued at approximately $26,000. Rossmore Private Capital acquired a new position in iShares 0-5 Year TIPS Bond ETF in the third quarter valued at approximately $26,000. Trust Co. of Vermont purchased a new position in iShares 0-5 Year TIPS Bond ETF in the third quarter worth approximately $32,000. Finally, Quaker Wealth Management LLC grew its position in iShares 0-5 Year TIPS Bond ETF by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 420 shares of the company’s stock worth $43,000 after acquiring an additional 840 shares during the period.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA:STIP opened at $102.95 on Friday. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $101.38 and a 52 week high of $103.93. The stock’s fifty day moving average is $102.59 and its two-hundred day moving average is $103.00.

iShares 0-5 Year TIPS Bond ETF 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.