BridgePort Financial Solutions LLC Invests $2 Million in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

BridgePort Financial Solutions LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,581 shares of the company’s stock, valued at approximately $2,004,000. iShares 0-5 Year TIPS Bond ETF comprises 0.9% of BridgePort Financial Solutions LLC’s investment portfolio, making the stock its 27th largest holding.

Other institutional investors also recently modified their holdings of the company. Transce3nd LLC bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at about $25,000. Knuff & Co LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth approximately $26,000. Chapman Financial Group LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth approximately $33,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth approximately $52,000. Finally, Ameriflex Group Inc. bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth approximately $58,000.

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

Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $102.53 on Tuesday. The company has a 50 day moving average of $102.75 and a 200-day moving average of $101.80. iShares 0-5 Year TIPS Bond ETF has a 1-year low of $98.84 and a 1-year high of $103.61.

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.