Western Wealth Management LLC Grows Position in iShares 0-5 Year TIPS Bond ETF $STIP

Western Wealth Management LLC increased its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 15.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,849 shares of the company’s stock after purchasing an additional 501 shares during the period. Western Wealth Management LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $396,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in iShares 0-5 Year TIPS Bond ETF during the 1st quarter valued at about $4,795,000. Private Advisor Group LLC lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 121.5% during the first quarter. Private Advisor Group LLC now owns 33,357 shares of the company’s stock valued at $3,451,000 after purchasing an additional 18,300 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 303.6% during the first quarter. IFP Advisors Inc now owns 29,816 shares of the company’s stock valued at $3,085,000 after purchasing an additional 22,428 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 35.9% in the 1st 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, Ignite Planners LLC grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 114.8% in the 1st quarter. Ignite Planners LLC now owns 23,485 shares of the company’s stock worth $2,416,000 after buying an additional 12,551 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

iShares 0-5 Year TIPS Bond ETF stock opened at $102.88 on Wednesday. The business’s fifty day simple moving average is $103.26 and its two-hundred day simple moving average is $102.94. iShares 0-5 Year TIPS Bond ETF has a 12 month low of $100.13 and a 12 month high of $103.93.

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.