Capital Advantage Inc. Acquires New Stake in iShares 0-5 Year TIPS Bond ETF $STIP

Capital Advantage Inc. bought a new position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 258,789 shares of the company’s stock, valued at approximately $26,438,000. iShares 0-5 Year TIPS Bond ETF accounts for approximately 3.2% of Capital Advantage Inc.’s holdings, making the stock its 11th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Adventist Health System Sunbelt Healthcare Corp increased its position in shares of iShares 0-5 Year TIPS Bond ETF by 113.7% during the 1st 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 during the period. Bank of America Corp DE grew its holdings in iShares 0-5 Year TIPS Bond ETF by 71.1% during the second quarter. Bank of America Corp DE now owns 1,615,034 shares of the company’s stock worth $166,203,000 after acquiring an additional 671,145 shares during the period. Beacon Pointe Advisors LLC raised its position in iShares 0-5 Year TIPS Bond ETF by 190.8% in the fourth quarter. Beacon Pointe Advisors LLC now owns 556,671 shares of the company’s stock worth $56,997,000 after acquiring an additional 365,234 shares in the last quarter. SB Capital Management Inc acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at about $36,983,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 valued at $51,995,000 after purchasing an additional 305,961 shares in the last quarter.

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

NYSEARCA STIP opened at $100.83 on Wednesday. The business’s fifty day moving average is $101.01 and its two-hundred day moving average is $102.40. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $100.53 and a 1 year high of $104.16.

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.