iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Shares Sold by Spire Wealth Management

Spire Wealth Management cut its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 30.1% during the fourth quarter, HoldingsChannel reports. The firm owned 8,885 shares of the company’s stock after selling 3,822 shares during the quarter. Spire Wealth Management’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $876,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of STIP. North Star Investment Management Corp. grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 153.0% during the fourth quarter. North Star Investment Management Corp. now owns 253 shares of the company’s stock worth $25,000 after purchasing an additional 153 shares in the last quarter. Y.D. More Investments Ltd purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth about $27,000. Delos Wealth Advisors LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 3rd quarter worth about $29,000. Tennessee Valley Asset Management Partners purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at about $30,000. Finally, Sound Income Strategies LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 245.7% in the 4th quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock valued at $36,000 after acquiring an additional 258 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

STIP stock opened at $99.00 on Thursday. The business has a 50 day moving average price of $99.20 and a 200 day moving average price of $98.49. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $96.27 and a fifty-two week high of $99.52.

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.