NewEdge Advisors LLC grew its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) by 64.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 470,685 shares of the company’s stock after buying an additional 185,013 shares during the period. NewEdge Advisors LLC owned 0.30% of iShares 0-5 Year TIPS Bond ETF worth $48,085,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in STIP. Chapman Financial Group LLC acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the second quarter worth about $26,000. IFC & Insurance Marketing Inc. bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at about $27,000. Kingdom Financial Group LLC. acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth approximately $29,000. Beacon Financial Strategies CORP acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 2nd quarter worth approximately $38,000. Finally, Retirement Wealth Solutions LLC raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 197.6% during the second quarter. Retirement Wealth Solutions LLC now owns 372 shares of the company’s stock worth $38,000 after buying an additional 247 shares during the last quarter.
iShares 0-5 Year TIPS Bond ETF Stock Performance
Shares of NYSEARCA STIP opened at $100.79 on Thursday. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $100.53 and a fifty-two week high of $104.16. The company’s 50 day simple moving average is $101.01 and its 200 day simple moving average is $102.39.
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.
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