Westover Capital Advisors LLC Cuts Stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Westover Capital Advisors LLC trimmed its holdings in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,305 shares of the company’s stock after selling 234 shares during the period. iShares 0-5 Year TIPS Bond ETF comprises about 1.9% of Westover Capital Advisors LLC’s portfolio, making the stock its 12th largest position. Westover Capital Advisors LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $5,847,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of STIP. Norden Group LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth $218,149,000. Financial Gravity Asset Management Inc. raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 2,326.3% in the third quarter. Financial Gravity Asset Management Inc. now owns 1,677,104 shares of the company’s stock worth $180,182,000 after buying an additional 1,607,982 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the third quarter worth $49,412,000. LVW Advisors LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at $28,541,000. Finally, Abacus Planning Group Inc. purchased a new position in iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth $19,358,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA STIP traded up $0.23 on Thursday, hitting $98.92. 317,863 shares of the company’s stock traded hands, compared to its average volume of 529,716. iShares 0-5 Year TIPS Bond ETF has a 1-year low of $96.27 and a 1-year high of $99.52. The firm’s 50-day moving average price is $99.16 and its two-hundred day moving average price is $98.42.

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.