8,969 Shares in iShares 0-5 Year TIPS Bond ETF $STIP Purchased by Cornerstone Financial Management LLC

Cornerstone Financial Management LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,969 shares of the company’s stock, valued at approximately $918,000.

Other hedge funds have also bought and sold shares of the company. Chapman Financial Group LLC acquired a new position in iShares 0-5 Year TIPS Bond ETF in the second quarter worth about $26,000. IFC & Insurance Marketing Inc. acquired a new position in iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at approximately $27,000. Caldwell Trust Co acquired a new position in iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at approximately $29,000. Kingdom Financial Group LLC. acquired a new position in iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at approximately $29,000. Finally, Avalon Trust Co acquired a new position in iShares 0-5 Year TIPS Bond ETF in the third quarter valued at approximately $41,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of STIP stock opened at $102.38 on Friday. The business has a 50 day moving average of $103.36 and a two-hundred day moving average of $103.03. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $102.12 and a 52 week high of $104.16.

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.