iShares 0-5 Year TIPS Bond ETF $STIP Shares Sold by Mustico Financial Group Inc.

Mustico Financial Group Inc. cut its holdings in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 17.4% in the fourth quarter, HoldingsChannel reports. The firm owned 29,753 shares of the company’s stock after selling 6,253 shares during the period. iShares 0-5 Year TIPS Bond ETF accounts for about 2.5% of Mustico Financial Group Inc.’s holdings, making the stock its 9th biggest holding. Mustico Financial Group Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $3,049,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chapman Financial Group LLC acquired a new position in iShares 0-5 Year TIPS Bond ETF during the second quarter valued at $26,000. IFC & Insurance Marketing Inc. acquired a new position in iShares 0-5 Year TIPS Bond ETF during the fourth quarter valued at $27,000. Caldwell Trust Co acquired a new position in iShares 0-5 Year TIPS Bond ETF during the fourth quarter valued at $29,000. Kingdom Financial Group LLC. acquired a new position in iShares 0-5 Year TIPS Bond ETF during the fourth quarter valued at $29,000. Finally, Avalon Trust Co acquired a new position in iShares 0-5 Year TIPS Bond ETF during the third quarter valued at $41,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA STIP opened at $101.88 on Thursday. The company has a fifty day moving average of $103.29 and a 200 day moving average of $103.01. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $101.84 and a 1 year high of $104.16.

About iShares 0-5 Year TIPS Bond ETF

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.