Canandaigua National Bank & Trust Co. Purchases New Stake in iShares 0-5 Year TIPS Bond ETF $STIP

Canandaigua National Bank & Trust Co. acquired a new stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 31,049 shares of the company’s stock, valued at approximately $3,172,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Adventist Health System Sunbelt Healthcare Corp lifted its holdings in iShares 0-5 Year TIPS Bond ETF by 113.7% during the first quarter. Adventist Health System Sunbelt Healthcare Corp now owns 1,560,200 shares of the company’s stock worth $161,371,000 after acquiring an additional 830,200 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 71.1% during the 2nd quarter. Bank of America Corp DE now owns 1,615,034 shares of the company’s stock valued at $166,203,000 after purchasing an additional 671,145 shares in the last quarter. Beacon Pointe Advisors LLC grew its position in shares of iShares 0-5 Year TIPS Bond ETF by 190.8% in the 4th quarter. Beacon Pointe Advisors LLC now owns 556,671 shares of the company’s stock valued at $56,997,000 after purchasing an additional 365,234 shares during the period. SB Capital Management Inc bought a new stake in iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth approximately $36,983,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in iShares 0-5 Year TIPS Bond ETF by 155.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 503,045 shares of the company’s stock worth $51,995,000 after buying an additional 305,961 shares during the period.

iShares 0-5 Year TIPS Bond ETF Stock Up 0.0%

Shares of NYSEARCA STIP opened at $100.62 on Wednesday. The company has a fifty day moving average price of $101.82 and a 200 day moving average price of $102.75. iShares 0-5 Year TIPS Bond ETF has a 1-year low of $100.56 and a 1-year high of $104.16.

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.