CFS Investment Advisory Services LLC Reduces Holdings in iShares 0-5 Year TIPS Bond ETF $STIP

CFS Investment Advisory Services LLC trimmed its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 20.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,899 shares of the company’s stock after selling 7,713 shares during the period. CFS Investment Advisory Services LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $3,101,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STIP. Adventist Health System Sunbelt Healthcare Corp purchased a new position in iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth approximately $74,745,000. Bank of America Corp DE lifted its stake in iShares 0-5 Year TIPS Bond ETF by 71.1% in the second quarter. Bank of America Corp DE now owns 1,615,034 shares of the company’s stock valued at $166,203,000 after buying an additional 671,145 shares during the last quarter. Beacon Pointe Advisors LLC lifted its stake in iShares 0-5 Year TIPS Bond ETF by 190.8% in the fourth quarter. Beacon Pointe Advisors LLC now owns 556,671 shares of the company’s stock valued at $56,997,000 after buying an additional 365,234 shares during the last quarter. SB Capital Management Inc acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at approximately $36,983,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 155.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 503,045 shares of the company’s stock valued at $51,995,000 after acquiring an additional 305,961 shares during the period.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of STIP opened at $101.35 on Thursday. The company’s 50 day simple moving average is $102.71 and its 200-day simple moving average is $102.91. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $101.11 and a 12-month high of $104.16.

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.