Baird Financial Group Inc. Grows Stock Position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Baird Financial Group Inc. increased its holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 57,199 shares of the company’s stock after acquiring an additional 1,240 shares during the period. Baird Financial Group Inc. owned approximately 0.07% of iShares 0-5 Year TIPS Bond ETF worth $5,754,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STIP. Transce3nd LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at about $25,000. Knuff & Co LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter valued at about $26,000. Pflug Koory LLC raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 534.7% in the 4th quarter. Pflug Koory LLC now owns 476 shares of the company’s stock valued at $48,000 after acquiring an additional 401 shares during the period. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth approximately $52,000. Finally, Headlands Technologies LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth approximately $62,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of NYSEARCA STIP opened at $102.67 on Friday. The business’s 50 day moving average is $102.78 and its two-hundred day moving average is $101.66. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $98.84 and a 52-week high of $103.61.

iShares 0-5 Year TIPS Bond ETF Company 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.