Equita Financial Network Inc. Acquires 6,606 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

Equita Financial Network Inc. lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 11.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 66,253 shares of the company’s stock after buying an additional 6,606 shares during the period. iShares 0-5 Year TIPS Bond ETF makes up approximately 2.3% of Equita Financial Network Inc.’s portfolio, making the stock its 12th largest position. Equita Financial Network Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $6,848,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in iShares 0-5 Year TIPS Bond ETF by 356.2% in the second quarter. Envestnet Asset Management Inc. now owns 3,245,078 shares of the company’s stock worth $333,946,000 after purchasing an additional 2,533,763 shares in the last quarter. Modera Wealth Management LLC lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 3.6% in the second quarter. Modera Wealth Management LLC now owns 2,027,657 shares of the company’s stock worth $208,666,000 after buying an additional 70,170 shares during the last quarter. Ritholtz Wealth Management boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 13.9% during the 2nd quarter. Ritholtz Wealth Management now owns 2,024,720 shares of the company’s stock worth $208,364,000 after acquiring an additional 247,269 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 71.1% during the 2nd quarter. Bank of America Corp DE now owns 1,615,034 shares of the company’s stock worth $166,203,000 after acquiring an additional 671,145 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 34.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,543,492 shares of the company’s stock valued at $158,841,000 after acquiring an additional 392,850 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of STIP stock opened at $102.49 on Friday. The stock’s 50 day simple moving average is $102.68 and its 200 day simple moving average is $103.00. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $100.61 and a twelve month high of $103.93.

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.