CGN Advisors LLC Has $2.04 Million Position in iShares 0-5 Year TIPS Bond ETF $STIP

CGN Advisors LLC lifted its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 40.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,703 shares of the company’s stock after buying an additional 5,721 shares during the period. CGN Advisors LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $2,036,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of STIP. LGT Financial Advisors LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter valued at approximately $26,000. Chapman Financial Group LLC bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at $26,000. Cape Investment Advisory Inc. boosted its stake in iShares 0-5 Year TIPS Bond ETF by 35,300.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 354 shares of the company’s stock worth $37,000 after purchasing an additional 353 shares during the period. Smartleaf Asset Management LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 7,780.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 394 shares of the company’s stock worth $41,000 after purchasing an additional 389 shares during the period. Finally, Quaker Wealth Management LLC increased its holdings in iShares 0-5 Year TIPS Bond ETF by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 420 shares of the company’s stock worth $43,000 after purchasing an additional 840 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $102.32 on Friday. The stock’s 50-day moving average is $102.98 and its 200-day moving average is $102.99. iShares 0-5 Year TIPS Bond ETF has a one year low of $100.29 and a one year high of $103.93.

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.