Truist Financial Corp Increases Stock Holdings in iShares 0-5 Year TIPS Bond ETF $STIP

Truist Financial Corp increased its holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 57.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 138,405 shares of the company’s stock after purchasing an additional 50,672 shares during the period. Truist Financial Corp owned 0.11% of iShares 0-5 Year TIPS Bond ETF worth $14,243,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in STIP. Maseco LLP purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter valued at $64,472,000. Dynasty Wealth Management LLC grew its position in iShares 0-5 Year TIPS Bond ETF by 115.2% during the first quarter. Dynasty Wealth Management LLC now owns 946,182 shares of the company’s stock valued at $97,901,000 after acquiring an additional 506,435 shares during the period. Quotient Wealth Partners LLC grew its position in iShares 0-5 Year TIPS Bond ETF by 108.5% during the first quarter. Quotient Wealth Partners LLC now owns 904,284 shares of the company’s stock valued at $93,566,000 after acquiring an additional 470,472 shares during the period. Partners Capital Investment Group LLP grew its position in iShares 0-5 Year TIPS Bond ETF by 51.9% during the first quarter. Partners Capital Investment Group LLP now owns 994,985 shares of the company’s stock valued at $102,951,000 after acquiring an additional 340,117 shares during the period. Finally, World Investment Advisors purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the first quarter valued at about $31,924,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

STIP stock opened at $103.15 on Friday. The stock has a 50-day moving average price of $103.31 and a two-hundred day moving average price of $102.88. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $100.13 and a 12-month high of $103.93.

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.