NewEdge Advisors LLC Buys 107,903 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

NewEdge Advisors LLC lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 60.7% during the first quarter, Holdings Channel.com reports. The firm owned 285,672 shares of the company’s stock after buying an additional 107,903 shares during the period. NewEdge Advisors LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $29,547,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of STIP. Adventist Health System Sunbelt Healthcare Corp increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 113.7% in the first quarter. Adventist Health System Sunbelt Healthcare Corp now owns 1,560,200 shares of the company’s stock valued at $161,371,000 after purchasing an additional 830,200 shares in the last quarter. Bank of America Corp DE lifted its holdings in 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 worth $166,203,000 after buying an additional 671,145 shares in the last quarter. Beacon Pointe Advisors LLC boosted its position in 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 buying an additional 365,234 shares during the last quarter. SB Capital Management Inc bought a new position in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at $36,983,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in iShares 0-5 Year TIPS Bond ETF by 155.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 503,045 shares of the company’s stock valued at $51,995,000 after buying an additional 305,961 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

NYSEARCA STIP opened at $100.69 on Friday. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $100.53 and a 52 week high of $104.16. The stock has a fifty day moving average of $101.64 and a 200-day moving average of $102.71.

About iShares 0-5 Year TIPS Bond ETF

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.