Truist Financial Corp Has $6.78 Million Position in iShares 0-5 Year TIPS Bond ETF $STIP

Truist Financial Corp reduced its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 47.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,232 shares of the company’s stock after selling 59,109 shares during the period. Truist Financial Corp owned 0.05% of iShares 0-5 Year TIPS Bond ETF worth $6,782,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rossmore Private Capital acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the third quarter valued at $26,000. Chapman Financial Group LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter valued at $26,000. Caldwell Trust Co acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at $29,000. Avalon Trust Co acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the third quarter valued at $41,000. Finally, Rice Partnership LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the third quarter valued at $42,000.

iShares 0-5 Year TIPS Bond ETF Trading Up 0.2%

NYSEARCA:STIP opened at $103.60 on Friday. iShares 0-5 Year TIPS Bond ETF has a one year low of $101.98 and a one year high of $104.16. The firm’s fifty day moving average price is $103.47 and its two-hundred day moving average price is $103.03.

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.