iShares 0-5 Year TIPS Bond ETF $STIP Shares Purchased by Straight Path Wealth Management

Straight Path Wealth Management increased its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 11.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,853 shares of the company’s stock after buying an additional 8,034 shares during the quarter. iShares 0-5 Year TIPS Bond ETF comprises approximately 1.7% of Straight Path Wealth Management’s investment portfolio, making the stock its 13th biggest holding. Straight Path Wealth Management’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $7,862,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in STIP. Envestnet Asset Management Inc. raised its stake in iShares 0-5 Year TIPS Bond ETF by 77.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,995,879 shares of the company’s stock worth $203,899,000 after acquiring an additional 870,609 shares during the last quarter. Adventist Health System Sunbelt Healthcare Corp lifted its position in iShares 0-5 Year TIPS Bond ETF by 113.7% during the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 1,560,200 shares of the company’s stock worth $161,371,000 after acquiring an additional 830,200 shares during the period. Rockland Trust Co. purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 3rd quarter valued at about $25,993,000. Capital Advantage Inc. purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 2nd quarter valued at about $26,438,000. Finally, NewEdge Advisors LLC grew its stake in iShares 0-5 Year TIPS Bond ETF by 64.8% during the 2nd quarter. NewEdge Advisors LLC now owns 470,685 shares of the company’s stock valued at $48,085,000 after purchasing an additional 185,013 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of STIP stock opened at $100.90 on Monday. The stock’s 50-day simple moving average is $100.40 and its 200-day simple moving average is $101.69. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $99.56 and a fifty-two week high of $104.16.

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.