Portfolio Design Labs LLC Buys Shares of 114,263 iShares 0-5 Year TIPS Bond ETF $STIP

Portfolio Design Labs LLC bought a new position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the second quarter, HoldingsChannel reports. The firm bought 114,263 shares of the company’s stock, valued at approximately $11,759,000. iShares 0-5 Year TIPS Bond ETF comprises about 2.3% of Portfolio Design Labs LLC’s holdings, making the stock its 9th biggest holding.

Several other institutional investors and hedge funds also recently modified their holdings of STIP. XTX Topco Ltd acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 1st quarter worth approximately $422,000. Atria Wealth Solutions Inc. increased its position in iShares 0-5 Year TIPS Bond ETF by 18.7% during the first quarter. Atria Wealth Solutions Inc. now owns 54,396 shares of the company’s stock worth $5,628,000 after buying an additional 8,564 shares in the last quarter. Wealthspire Advisors LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the first quarter valued at $476,000. SoundView Advisors Inc. boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 2.2% during the first quarter. SoundView Advisors Inc. now owns 170,225 shares of the company’s stock valued at $17,613,000 after acquiring an additional 3,707 shares during the last quarter. Finally, Exencial Wealth Advisors LLC boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 12.1% during the first quarter. Exencial Wealth Advisors LLC now owns 112,994 shares of the company’s stock valued at $11,691,000 after acquiring an additional 12,215 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of STIP stock opened at $102.66 on Tuesday. The firm has a 50-day moving average price of $103.17 and a 200 day moving average price of $102.98. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $100.13 and a twelve month 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.