iShares 0-5 Year TIPS Bond ETF $STIP Holdings Boosted by Penobscot Wealth Management

Penobscot Wealth Management lifted its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 7.0% during the first quarter, Holdings Channel reports. The firm owned 90,663 shares of the company’s stock after acquiring an additional 5,960 shares during the quarter. iShares 0-5 Year TIPS Bond ETF makes up about 2.8% of Penobscot Wealth Management’s portfolio, making the stock its 7th largest holding. Penobscot Wealth Management’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $9,377,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Adventist Health System Sunbelt Healthcare Corp acquired a new position in iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth approximately $74,745,000. Bank of America Corp DE grew its position in shares of iShares 0-5 Year TIPS Bond ETF by 71.1% during the second quarter. Bank of America Corp DE now owns 1,615,034 shares of the company’s stock worth $166,203,000 after acquiring an additional 671,145 shares during the last quarter. Beacon Pointe Advisors LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 190.8% in the 4th quarter. Beacon Pointe Advisors LLC now owns 556,671 shares of the company’s stock valued at $56,997,000 after acquiring an additional 365,234 shares during the period. SB Capital Management Inc acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at $36,983,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in iShares 0-5 Year TIPS Bond ETF by 155.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 503,045 shares of the company’s stock valued at $51,995,000 after purchasing an additional 305,961 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $102.04 on Friday. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $101.83 and a 1 year high of $104.16. The company’s fifty day moving average is $103.11 and its two-hundred day moving average is $102.97.

iShares 0-5 Year TIPS Bond ETF Company 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.