Wells Fargo & Company MN Cuts Holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Wells Fargo & Company MN trimmed its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 32.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 606,496 shares of the company’s stock after selling 285,917 shares during the quarter. Wells Fargo & Company MN’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $59,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. North Star Investment Management Corp. lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 153.0% during the 4th quarter. North Star Investment Management Corp. now owns 253 shares of the company’s stock valued at $25,000 after buying an additional 153 shares during the period. Y.D. More Investments Ltd bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at $27,000. Delos Wealth Advisors LLC bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 3rd quarter valued at $29,000. Tennessee Valley Asset Management Partners bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at $30,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 245.7% during the 4th quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock valued at $36,000 after buying an additional 258 shares during the period.

iShares 0-5 Year TIPS Bond ETF Price Performance

NYSEARCA STIP opened at $99.32 on Friday. iShares 0-5 Year TIPS Bond ETF has a 1-year low of $96.27 and a 1-year high of $99.52. The business’s fifty day moving average price is $99.24 and its 200-day moving average price is $98.67.

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.