Boltwood Capital Management Purchases 61,435 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

Boltwood Capital Management grew its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 185.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,575 shares of the company’s stock after buying an additional 61,435 shares during the period. iShares 0-5 Year TIPS Bond ETF comprises 2.1% of Boltwood Capital Management’s portfolio, making the stock its 12th largest position. Boltwood Capital Management’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $9,429,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 380.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 86,146 shares of the company’s stock valued at $8,801,000 after acquiring an additional 68,220 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in iShares 0-5 Year TIPS Bond ETF by 77.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,995,879 shares of the company’s stock worth $203,899,000 after purchasing an additional 870,609 shares during the last quarter. State Street Corp lifted its stake in iShares 0-5 Year TIPS Bond ETF by 1.9% during the second quarter. State Street Corp now owns 665,185 shares of the company’s stock worth $67,955,000 after purchasing an additional 12,572 shares during the last quarter. Talon Private Wealth LLC boosted its holdings in iShares 0-5 Year TIPS Bond ETF by 1.8% in the second quarter. Talon Private Wealth LLC now owns 112,479 shares of the company’s stock worth $11,491,000 after purchasing an additional 1,985 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new position in iShares 0-5 Year TIPS Bond ETF in the second quarter worth $10,012,000.

iShares 0-5 Year TIPS Bond ETF Stock Down 0.1%

STIP stock traded down $0.11 during trading on Friday, hitting $99.92. 1,111,666 shares of the company’s stock traded hands, compared to its average volume of 1,186,488. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $99.56 and a 52 week high of $104.16. The stock has a fifty day moving average price of $100.58 and a two-hundred day moving average price of $102.02.

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.