JGP Wealth Management LLC Purchases 1,133 Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

JGP Wealth Management LLC raised its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 40.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,958 shares of the company’s stock after purchasing an additional 1,133 shares during the period. JGP Wealth Management LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $398,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in STIP. Modera Wealth Management LLC lifted its stake in iShares 0-5 Year TIPS Bond ETF by 5.9% in the third quarter. Modera Wealth Management LLC now owns 1,811,595 shares of the company’s stock worth $183,551,000 after acquiring an additional 101,437 shares during the period. Ritholtz Wealth Management raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 3.9% in the 4th quarter. Ritholtz Wealth Management now owns 1,572,147 shares of the company’s stock valued at $158,158,000 after purchasing an additional 59,199 shares in the last quarter. LPL Financial LLC lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 16.0% in the 3rd quarter. LPL Financial LLC now owns 1,463,439 shares of the company’s stock worth $148,276,000 after purchasing an additional 201,769 shares during the period. Destination Wealth Management boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 3.2% during the third quarter. Destination Wealth Management now owns 710,445 shares of the company’s stock valued at $71,982,000 after purchasing an additional 22,251 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in iShares 0-5 Year TIPS Bond ETF by 1.3% during the third quarter. JPMorgan Chase & Co. now owns 512,440 shares of the company’s stock valued at $51,920,000 after buying an additional 6,480 shares during the period.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of NYSEARCA:STIP opened at $101.16 on Friday. The firm has a 50 day moving average of $100.74 and a 200 day moving average of $100.50. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $98.36 and a 52 week high of $101.52.

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.