MJT & Associates Financial Advisory Group Inc. Acquires New Shares in iShares 0-5 Year TIPS Bond ETF $STIP

MJT & Associates Financial Advisory Group Inc. bought a new position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,396 shares of the company’s stock, valued at approximately $1,070,000. iShares 0-5 Year TIPS Bond ETF comprises approximately 1.4% of MJT & Associates Financial Advisory Group Inc.’s investment portfolio, making the stock its 11th largest holding.

Other hedge funds have also recently made changes to their positions in the company. BOS Asset Management LLC bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at about $476,000. Fischer Financial Services Inc. lifted its stake in iShares 0-5 Year TIPS Bond ETF by 0.3% in the second quarter. Fischer Financial Services Inc. now owns 56,578 shares of the company’s stock valued at $5,823,000 after purchasing an additional 153 shares during the last quarter. MKT Advisors LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF in the second quarter valued at approximately $245,000. Perigon Wealth Management LLC raised its holdings in iShares 0-5 Year TIPS Bond ETF by 26.4% during the 2nd quarter. Perigon Wealth Management LLC now owns 59,210 shares of the company’s stock valued at $6,093,000 after acquiring an additional 12,380 shares during the period. Finally, Maridea Wealth Management LLC bought a new stake in iShares 0-5 Year TIPS Bond ETF during the 2nd quarter valued at $219,000.

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

iShares 0-5 Year TIPS Bond ETF stock opened at $103.30 on Friday. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $100.13 and a fifty-two week high of $103.93. The firm’s fifty day moving average price is $103.27 and its 200-day moving average price is $102.85.

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.