Townsquare Capital LLC Reduces Holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Townsquare Capital LLC reduced its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 63.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,465 shares of the company’s stock after selling 181,030 shares during the period. Townsquare Capital LLC owned approximately 0.13% of iShares 0-5 Year TIPS Bond ETF worth $10,686,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in STIP. Larson Financial Group LLC lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 5,300.0% in the 2nd quarter. Larson Financial Group LLC now owns 270 shares of the company’s stock valued at $27,000 after purchasing an additional 265 shares during the last quarter. IAG Wealth Partners LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the second quarter worth $30,000. Ridgewood Investments LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at about $34,000. Gleason Group Inc. acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at $46,000. Finally, Deane Retirement Strategies Inc. purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 2nd quarter worth about $54,000.

iShares 0-5 Year TIPS Bond ETF Trading Up 0.1 %

STIP stock opened at $100.97 on Thursday. The stock has a 50-day simple moving average of $100.92 and a 200-day simple moving average of $100.12. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $97.36 and a 1 year high of $101.52.

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.