Holcombe Financial Inc. Purchases Shares of 102,986 iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Holcombe Financial Inc. bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the 4th quarter, Holdings Channel.com reports. The firm bought 102,986 shares of the company’s stock, valued at approximately $10,360,000. iShares 0-5 Year TIPS Bond ETF makes up 8.5% of Holcombe Financial Inc.’s holdings, making the stock its 5th biggest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in STIP. Knuff & Co LLC bought a new stake in iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth approximately $26,000. Pflug Koory LLC boosted its stake in 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 worth $48,000 after purchasing an additional 401 shares during the period. Bradley & Co. Private Wealth Management LLC bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $52,000. Headlands Technologies LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter valued at about $62,000. Finally, Atala Financial Inc bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth about $70,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA STIP opened at $102.84 on Friday. iShares 0-5 Year TIPS Bond ETF has a 1-year low of $98.53 and a 1-year high of $103.61. The business has a 50 day simple moving average of $102.51 and a two-hundred day simple moving average of $101.45.

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.