Principal Financial Group Inc. lessened its holdings in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) by 49.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,220 shares of the company’s stock after selling 10,025 shares during the quarter. Principal Financial Group Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,035,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in STIP. Larson Financial Group LLC lifted its position in iShares 0-5 Year TIPS Bond ETF by 5,300.0% during the 2nd quarter. Larson Financial Group LLC now owns 270 shares of the company’s stock worth $27,000 after acquiring an additional 265 shares during the period. IAG Wealth Partners LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the second quarter worth about $30,000. Ridgewood Investments LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the second quarter valued at approximately $34,000. Gleason Group Inc. acquired a new position in iShares 0-5 Year TIPS Bond ETF in the 2nd quarter worth approximately $46,000. Finally, Deane Retirement Strategies Inc. purchased a new position in iShares 0-5 Year TIPS Bond ETF during the 2nd quarter worth approximately $54,000.
iShares 0-5 Year TIPS Bond ETF Price Performance
Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $100.81 on Friday. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $97.31 and a 1 year high of $101.52. The firm has a fifty day moving average price of $100.93 and a 200 day moving average price of $100.09.
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.
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Want to see what other hedge funds are holding STIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report).
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