Balance Wealth LLC Cuts Stake in iShares 0-5 Year TIPS Bond ETF $STIP

Balance Wealth LLC lessened its holdings in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 43.8% during the 1st quarter, Holdings Channel reports. The firm owned 10,006 shares of the company’s stock after selling 7,800 shares during the period. Balance Wealth LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,035,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in STIP. Chapman Financial Group LLC bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the second quarter worth $26,000. IFC & Insurance Marketing Inc. bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at $27,000. Caldwell Trust Co bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at $29,000. Kingdom Financial Group LLC. purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth $29,000. Finally, Torren Management LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth $41,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

STIP opened at $102.04 on Friday. The firm has a 50-day simple moving average of $103.11 and a two-hundred day simple moving average of $102.97. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $101.83 and a 52 week high of $104.16.

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.