Pettinga Financial Advisors LLC Invests $899,000 in iShares 0-5 Year TIPS Bond ETF $STIP

Pettinga Financial Advisors LLC acquired a new position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,800 shares of the company’s stock, valued at approximately $899,000.

A number of other institutional investors and hedge funds have also bought and sold shares of STIP. EverSource Wealth Advisors LLC raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 39.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 436 shares of the company’s stock valued at $45,000 after buying an additional 123 shares in the last quarter. State Street Corp lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 0.5% during the 2nd quarter. State Street Corp now owns 641,945 shares of the company’s stock worth $66,063,000 after acquiring an additional 3,063 shares during the last quarter. Vivaldi Capital Management LP purchased a new position in iShares 0-5 Year TIPS Bond ETF in the second quarter worth $285,000. Diversify Advisory Services LLC increased its stake in iShares 0-5 Year TIPS Bond ETF by 14.6% in the second quarter. Diversify Advisory Services LLC now owns 6,496 shares of the company’s stock valued at $669,000 after acquiring an additional 830 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in iShares 0-5 Year TIPS Bond ETF by 24.8% during the second quarter. Raymond James Financial Inc. now owns 609,857 shares of the company’s stock valued at $62,760,000 after purchasing an additional 121,311 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of STIP stock opened at $100.69 on Monday. The business has a 50-day moving average price of $101.64 and a two-hundred day moving average price of $102.71. 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 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.