428,034 Shares in iShares 0-5 Year TIPS Bond ETF $STIP Purchased by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 428,034 shares of the company’s stock, valued at approximately $42,675,000. iShares 0-5 Year TIPS Bond ETF comprises 2.0% of Sigma Investment Counselors Inc.’s investment portfolio, making the stock its 8th biggest holding. Sigma Investment Counselors Inc. owned about 0.26% of iShares 0-5 Year TIPS Bond ETF at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of STIP. Beacon Financial Strategies CORP acquired a new position in iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at $38,000. Retirement Wealth Solutions LLC raised its position in iShares 0-5 Year TIPS Bond ETF by 197.6% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 372 shares of the company’s stock worth $38,000 after buying an additional 247 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF during the 3rd quarter worth $50,000. Nvwm LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF during the 3rd quarter worth $51,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 3rd quarter worth $74,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

STIP stock opened at $100.81 on Wednesday. iShares 0-5 Year TIPS Bond ETF has a one year low of $99.56 and a one year high of $104.16. The company has a fifty day moving average of $100.40 and a 200-day moving average of $102.07.

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.