Foundations Investment Advisors LLC Trims Holdings in iShares 0-5 Year TIPS Bond ETF $STIP

Foundations Investment Advisors LLC trimmed its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 85.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,807 shares of the company’s stock after selling 51,408 shares during the quarter. Foundations Investment Advisors LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $902,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meridian Wealth Management LLC increased its holdings in iShares 0-5 Year TIPS Bond ETF by 2.2% in the 3rd quarter. Meridian Wealth Management LLC now owns 4,602 shares of the company’s stock worth $476,000 after acquiring an additional 101 shares in the last quarter. Blue Edge Capital LLC grew its holdings in iShares 0-5 Year TIPS Bond ETF by 2.4% during the 3rd quarter. Blue Edge Capital LLC now owns 4,798 shares of the company’s stock valued at $496,000 after buying an additional 112 shares in the last quarter. Parallel Advisors LLC grew its holdings in iShares 0-5 Year TIPS Bond ETF by 16.0% during the 3rd quarter. Parallel Advisors LLC now owns 811 shares of the company’s stock valued at $84,000 after buying an additional 112 shares in the last quarter. BWM Planning LLC grew its holdings in iShares 0-5 Year TIPS Bond ETF by 2.0% during the 4th quarter. BWM Planning LLC now owns 5,899 shares of the company’s stock valued at $604,000 after buying an additional 118 shares in the last quarter. Finally, Prospera Financial Services Inc grew its holdings in iShares 0-5 Year TIPS Bond ETF by 1.3% during the 3rd quarter. Prospera Financial Services Inc now owns 9,527 shares of the company’s stock valued at $985,000 after buying an additional 120 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of STIP opened at $103.67 on Monday. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $101.98 and a 1 year high of $104.16. The company has a 50 day simple moving average of $103.52 and a two-hundred day simple moving average of $103.06.

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.