Compass Financial Management LLC Buys New Holdings in iShares 0-5 Year TIPS Bond ETF $STIP

Compass Financial Management LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 60,941 shares of the company’s stock, valued at approximately $6,224,000. iShares 0-5 Year TIPS Bond ETF comprises about 0.7% of Compass Financial Management LLC’s portfolio, making the stock its 26th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STIP. Chapman Financial Group LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at approximately $26,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth $27,000. Caldwell Trust Co purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth $29,000. Kingdom Financial Group LLC. purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth $29,000. Finally, Beacon Financial Strategies CORP acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF during the second quarter worth $38,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

NYSEARCA:STIP opened at $100.92 on Friday. The business’s fifty day moving average price is $101.32 and its 200 day moving average price is $102.58. iShares 0-5 Year TIPS Bond ETF has a 12 month low of $100.53 and a 12 month 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.