Parallel Advisors LLC boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) by 507.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 699 shares of the company’s stock after purchasing an additional 584 shares during the quarter. Parallel Advisors LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $72,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of STIP. Northern Trust Corp purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth approximately $451,000. Mackenzie Financial Corp increased its holdings in iShares 0-5 Year TIPS Bond ETF by 14.7% during the 4th quarter. Mackenzie Financial Corp now owns 53,000 shares of the company’s stock worth $5,332,000 after purchasing an additional 6,800 shares during the last quarter. NorthCrest Asset Manangement LLC increased its holdings in iShares 0-5 Year TIPS Bond ETF by 3.6% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 60,139 shares of the company’s stock worth $6,050,000 after purchasing an additional 2,070 shares during the last quarter. Avant Financial Advisors LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth approximately $499,000. Finally, Spartan Planning & Wealth Management purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 1st quarter worth approximately $6,136,000.
iShares 0-5 Year TIPS Bond ETF Stock Performance
STIP stock opened at $103.30 on Friday. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $100.13 and a 52-week high of $103.93. The stock’s 50 day moving average is $103.27 and its two-hundred day moving average is $102.85.
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.
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Want to see what other hedge funds are holding STIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report).
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