Tcfg Wealth Management LLC Trims Stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Tcfg Wealth Management LLC cut its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 24.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,093 shares of the company’s stock after selling 978 shares during the quarter. Tcfg Wealth Management LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $311,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in STIP. Good Life Advisors LLC bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the third quarter valued at approximately $329,000. Friedenthal Financial grew its position in iShares 0-5 Year TIPS Bond ETF by 1.9% in the 3rd quarter. Friedenthal Financial now owns 38,791 shares of the company’s stock valued at $3,930,000 after acquiring an additional 734 shares during the last quarter. Slow Capital Inc. increased its stake in iShares 0-5 Year TIPS Bond ETF by 2.5% in the third quarter. Slow Capital Inc. now owns 33,629 shares of the company’s stock worth $3,407,000 after purchasing an additional 831 shares during the period. Raymond James & Associates lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 8.4% during the third quarter. Raymond James & Associates now owns 138,420 shares of the company’s stock worth $14,025,000 after purchasing an additional 10,692 shares during the last quarter. Finally, DMC Group LLC boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 1.9% during the third quarter. DMC Group LLC now owns 15,000 shares of the company’s stock valued at $1,520,000 after purchasing an additional 278 shares during the period.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA STIP opened at $101.78 on Friday. iShares 0-5 Year TIPS Bond ETF has a 12 month low of $98.49 and a 12 month high of $101.85. The company’s 50-day moving average price is $100.99 and its 200-day moving average price is $100.80.

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.