Belpointe Asset Management LLC Purchases 5,184 Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Belpointe Asset Management LLC boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 22.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,304 shares of the company’s stock after buying an additional 5,184 shares during the period. Belpointe Asset Management LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $2,841,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in STIP. JPMorgan Chase & Co. raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 512,440 shares of the company’s stock valued at $51,920,000 after acquiring an additional 6,480 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of iShares 0-5 Year TIPS Bond ETF by 60.9% in the fourth quarter. Principal Financial Group Inc. now owns 16,445 shares of the company’s stock worth $1,654,000 after purchasing an additional 6,225 shares during the last quarter. First United Bank & Trust raised its stake in iShares 0-5 Year TIPS Bond ETF by 19.2% in the fourth quarter. First United Bank & Trust now owns 1,914 shares of the company’s stock valued at $193,000 after purchasing an additional 308 shares in the last quarter. Independent Advisor Alliance bought a new stake in iShares 0-5 Year TIPS Bond ETF during the fourth quarter valued at approximately $471,000. Finally, FC Advisory LLC grew its stake in iShares 0-5 Year TIPS Bond ETF by 3.1% in the 4th quarter. FC Advisory LLC now owns 4,928 shares of the company’s stock worth $496,000 after buying an additional 147 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of NYSEARCA:STIP opened at $102.29 on Monday. The company’s fifty day moving average price is $102.43 and its 200-day moving average price is $101.42. iShares 0-5 Year TIPS Bond ETF has a one year low of $98.53 and a one year high of $103.61.

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.