iShares 0-5 Year TIPS Bond ETF $STIP Shares Purchased by Patten Group Inc.

Patten Group Inc. lifted its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 59.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,260 shares of the company’s stock after acquiring an additional 7,564 shares during the quarter. Patten Group Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $2,094,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in STIP. Rossmore Private Capital acquired a new stake in iShares 0-5 Year TIPS Bond ETF during the third quarter worth approximately $26,000. Chapman Financial Group LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF during the second quarter worth about $26,000. Trust Co. of Vermont acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the 3rd quarter worth about $32,000. Avalon Trust Co purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at about $41,000. Finally, Rice Partnership LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at about $42,000.

iShares 0-5 Year TIPS Bond ETF Trading Up 0.1%

Shares of STIP stock opened at $103.05 on Tuesday. The firm’s 50-day simple moving average is $102.63 and its 200-day simple moving average is $103.00. iShares 0-5 Year TIPS Bond ETF has a 1-year low of $101.67 and a 1-year high of $103.93.

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.