BIP Wealth LLC Has $10.53 Million Holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

BIP Wealth LLC lifted its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 18.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,874 shares of the company’s stock after acquiring an additional 15,822 shares during the quarter. iShares 0-5 Year TIPS Bond ETF makes up approximately 0.7% of BIP Wealth LLC’s portfolio, making the stock its 20th biggest position. BIP Wealth LLC owned 0.13% of iShares 0-5 Year TIPS Bond ETF worth $10,526,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of STIP. Prism Advisors Inc. raised its position in iShares 0-5 Year TIPS Bond ETF by 3.6% in the third quarter. Prism Advisors Inc. now owns 3,231 shares of the company’s stock valued at $327,000 after purchasing an additional 111 shares during the last quarter. CGN Advisors LLC raised its holdings in iShares 0-5 Year TIPS Bond ETF by 4.1% in the 2nd quarter. CGN Advisors LLC now owns 2,977 shares of the company’s stock valued at $296,000 after buying an additional 116 shares during the last quarter. TSA Wealth Managment LLC boosted its position in iShares 0-5 Year TIPS Bond ETF by 1.9% during the 2nd quarter. TSA Wealth Managment LLC now owns 6,505 shares of the company’s stock worth $647,000 after buying an additional 121 shares during the period. Acorn Financial Advisory Services Inc. ADV grew its holdings in iShares 0-5 Year TIPS Bond ETF by 1.8% during the 2nd quarter. Acorn Financial Advisory Services Inc. ADV now owns 6,951 shares of the company’s stock worth $692,000 after acquiring an additional 124 shares during the last quarter. Finally, H&H Retirement Design & Management INC grew its holdings in iShares 0-5 Year TIPS Bond ETF by 0.9% during the 2nd quarter. H&H Retirement Design & Management INC now owns 15,555 shares of the company’s stock worth $1,546,000 after acquiring an additional 137 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Up 0.1 %

STIP stock opened at $100.74 on Tuesday. The company has a fifty day moving average price of $100.94 and a 200-day moving average price of $100.05. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $97.28 and a 52-week high of $101.52.

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.