Royal Bank of Canada Boosts Stake in iShares 0-5 Year TIPS Bond ETF $STIP

Royal Bank of Canada grew its holdings in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 16.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 231,665 shares of the company’s stock after buying an additional 31,941 shares during the quarter. Royal Bank of Canada owned 0.16% of iShares 0-5 Year TIPS Bond ETF worth $23,961,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Chapman Financial Group LLC bought a new stake in iShares 0-5 Year TIPS Bond ETF during the second quarter valued at $26,000. IFC & Insurance Marketing Inc. bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter valued at approximately $27,000. Caldwell Trust Co bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth $29,000. Kingdom Financial Group LLC. acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth about $29,000. Finally, Torren Management LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth approximately $41,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $100.58 on Thursday. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $100.54 and a fifty-two week high of $104.16. The business has a fifty day simple moving average of $101.76 and a 200-day simple moving average of $102.74.

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.