iShares 0-5 Year TIPS Bond ETF $STIP Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. raised its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 7.7% in the first quarter, HoldingsChannel.com reports. The fund owned 61,593 shares of the company’s stock after purchasing an additional 4,394 shares during the quarter. Baird Financial Group Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $6,373,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Northern Trust Corp acquired a new position in iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at $451,000. Ridgewood Investments LLC increased its stake in iShares 0-5 Year TIPS Bond ETF by 88.5% in the first quarter. Ridgewood Investments LLC now owns 1,542 shares of the company’s stock valued at $160,000 after purchasing an additional 724 shares during the last quarter. Lutz Financial Services LLC increased its stake in iShares 0-5 Year TIPS Bond ETF by 10.0% in the first quarter. Lutz Financial Services LLC now owns 65,429 shares of the company’s stock valued at $6,770,000 after purchasing an additional 5,943 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake in iShares 0-5 Year TIPS Bond ETF by 35.9% in the first quarter. J.W. Cole Advisors Inc. now owns 11,508 shares of the company’s stock valued at $1,191,000 after purchasing an additional 3,043 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in iShares 0-5 Year TIPS Bond ETF by 6.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 226,878 shares of the company’s stock valued at $23,475,000 after purchasing an additional 12,766 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

STIP stock opened at $103.38 on Thursday. The stock has a 50-day moving average price of $103.00 and a two-hundred day moving average price of $102.71. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $100.13 and a 12-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.