Sequoia Financial Advisors LLC Makes New Investment in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Sequoia Financial Advisors LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,747 shares of the company’s stock, valued at approximately $578,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fortis Advisors LLC increased its holdings in iShares 0-5 Year TIPS Bond ETF by 0.6% in the 3rd quarter. Fortis Advisors LLC now owns 24,866 shares of the company’s stock worth $2,519,000 after purchasing an additional 160 shares in the last quarter. Amara Financial LLC. acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the third quarter valued at approximately $931,000. BIP Wealth LLC raised its holdings in iShares 0-5 Year TIPS Bond ETF by 18.0% in the 3rd quarter. BIP Wealth LLC now owns 103,874 shares of the company’s stock valued at $10,526,000 after buying an additional 15,822 shares during the last quarter. Equita Financial Network Inc. boosted its position in iShares 0-5 Year TIPS Bond ETF by 10.8% during the 3rd quarter. Equita Financial Network Inc. now owns 53,570 shares of the company’s stock worth $5,428,000 after buying an additional 5,216 shares during the period. Finally, LPL Financial LLC boosted its position in iShares 0-5 Year TIPS Bond ETF by 16.0% during the 3rd quarter. LPL Financial LLC now owns 1,463,439 shares of the company’s stock worth $148,276,000 after buying an additional 201,769 shares during the period.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of NYSEARCA STIP opened at $102.43 on Tuesday. The firm has a 50 day moving average price of $101.71 and a two-hundred day moving average price of $101.14. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $98.53 and a 52-week high of $102.90.

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.