Sovran Advisors LLC Takes $642,000 Position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Sovran Advisors LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) during the fourth quarter, Holdings Channel reports. The firm purchased 6,372 shares of the company’s stock, valued at approximately $642,000.

A number of other hedge funds have also recently added to or reduced their stakes in STIP. Prism Advisors Inc. lifted its stake 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 buying an additional 111 shares during the last quarter. MADDEN SECURITIES Corp increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 3.0% in the 4th quarter. MADDEN SECURITIES Corp now owns 4,150 shares of the company’s stock valued at $417,000 after acquiring an additional 120 shares during the period. First PREMIER Bank raised its position in iShares 0-5 Year TIPS Bond ETF by 1.0% in the 4th quarter. First PREMIER Bank now owns 13,279 shares of the company’s stock valued at $1,336,000 after purchasing an additional 134 shares during the last quarter. Physician Wealth Advisors Inc. raised its position in iShares 0-5 Year TIPS Bond ETF by 0.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 29,597 shares of the company’s stock valued at $2,990,000 after purchasing an additional 141 shares during the last quarter. Finally, Capasso Planning Partners LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 0.9% during the 3rd quarter. Capasso Planning Partners LLC now owns 15,127 shares of the company’s stock worth $1,533,000 after purchasing an additional 142 shares during the period.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $101.70 on Wednesday. The company’s fifty day moving average is $100.95 and its two-hundred day moving average is $100.77. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $98.36 and a 1 year high of $101.81.

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.