Peak Financial Management Inc. Sells 609 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

Peak Financial Management Inc. lessened its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 2.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 24,039 shares of the company’s stock after selling 609 shares during the period. Peak Financial Management Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $2,474,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in STIP. Roundview Capital LLC raised its position in iShares 0-5 Year TIPS Bond ETF by 18.0% in the second quarter. Roundview Capital LLC now owns 18,507 shares of the company’s stock worth $1,905,000 after purchasing an additional 2,819 shares in the last quarter. Ridgewood Investments LLC raised its position 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 worth $160,000 after purchasing an additional 724 shares in the last quarter. Lutz Financial Services LLC raised its position 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 worth $6,770,000 after purchasing an additional 5,943 shares in the last quarter. J.W. Cole Advisors Inc. raised its position 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 worth $1,191,000 after purchasing an additional 3,043 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position 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 worth $23,475,000 after purchasing an additional 12,766 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

NYSEARCA:STIP opened at $103.26 on Thursday. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $100.13 and a 12-month high of $103.93. The firm has a 50-day moving average price of $103.33 and a 200 day moving average price of $102.89.

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.