Envestnet Asset Management Inc. Boosts Stake in iShares 0-5 Year TIPS Bond ETF $STIP

Envestnet Asset Management Inc. lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,319,880 shares of the company’s stock after buying an additional 74,802 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $343,143,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. LGT Financial Advisors LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 2nd quarter valued at about $26,000. Chapman Financial Group LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the second quarter worth about $26,000. Rossmore Private Capital purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the third quarter valued at approximately $26,000. Trust Co. of Vermont purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the third quarter valued at approximately $32,000. Finally, Quaker Wealth Management LLC increased its holdings in iShares 0-5 Year TIPS Bond ETF by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 420 shares of the company’s stock worth $43,000 after buying an additional 840 shares during the period.

iShares 0-5 Year TIPS Bond ETF Price Performance

STIP opened at $102.76 on Thursday. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $101.47 and a 12-month high of $103.93. The firm has a 50 day moving average of $102.57 and a two-hundred day moving average of $103.00.

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.