Western Wealth Management LLC Cuts Stock Holdings in iShares 0-5 Year TIPS Bond ETF $STIP

Western Wealth Management LLC trimmed its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 67.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,480 shares of the company’s stock after selling 7,156 shares during the period. Western Wealth Management LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $360,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Chapman Financial Group LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF in the 2nd quarter worth approximately $26,000. IFC & Insurance Marketing Inc. bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth $27,000. Caldwell Trust Co purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at $29,000. Kingdom Financial Group LLC. purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at $29,000. Finally, Torren Management LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth $41,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

NYSEARCA STIP opened at $100.74 on Friday. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $100.53 and a 52-week high of $104.16. The company has a fifty day moving average of $101.46 and a 200-day moving average of $102.65.

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.