Mirae Asset Global Investments Co. Ltd. purchased a new position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) during the third quarter, HoldingsChannel reports. The institutional investor purchased 229,917 shares of the company’s stock, valued at approximately $22,923,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Modera Wealth Management LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 3rd quarter valued at about $267,526,000. Envestnet Asset Management Inc. lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 77.4% during 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 period. Adventist Health System Sunbelt Healthcare Corp lifted its holdings in shares of 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. Sigma Investment Counselors Inc. purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 3rd quarter worth about $42,675,000. Finally, Rockland Trust Co. acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the third quarter worth approximately $25,993,000.
iShares 0-5 Year TIPS Bond ETF Price Performance
STIP opened at $100.65 on Tuesday. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $99.56 and a 1 year high of $104.16. The company’s 50 day simple moving average is $100.40 and its 200 day simple moving average is $102.04.
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.
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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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