PFG Investments LLC Buys New Shares in iShares 0-5 Year TIPS Bond ETF $STIP

PFG Investments LLC bought a new position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 5,306 shares of the company’s stock, valued at approximately $549,000.

Other institutional investors also recently modified their holdings of the company. Chapman Financial Group LLC bought a new position in iShares 0-5 Year TIPS Bond ETF during the second quarter worth about $26,000. IFC & Insurance Marketing Inc. bought a new stake in iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at approximately $27,000. Caldwell Trust Co acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at approximately $29,000. Kingdom Financial Group LLC. acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at approximately $29,000. Finally, Torren Management LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at approximately $41,000.

iShares 0-5 Year TIPS Bond ETF Trading Down 0.0%

Shares of NYSEARCA STIP opened at $101.32 on Wednesday. iShares 0-5 Year TIPS Bond ETF has a 12 month low of $101.11 and a 12 month high of $104.16. The stock has a 50 day moving average of $102.77 and a 200-day moving average of $102.92.

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.