StoneX Group Inc. bought a new stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,594 shares of the company’s stock, valued at approximately $1,559,000.
A number of other hedge funds have also modified their holdings of STIP. Modera Wealth Management LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF in the third quarter worth about $267,526,000. Envestnet Asset Management Inc. boosted its position 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 acquiring an additional 870,609 shares during the last quarter. Adventist Health System Sunbelt Healthcare Corp boosted its position in iShares 0-5 Year TIPS Bond ETF by 113.7% during the first quarter. Adventist Health System Sunbelt Healthcare Corp now owns 1,560,200 shares of the company’s stock worth $161,371,000 after acquiring an additional 830,200 shares during the last quarter. Sigma Investment Counselors Inc. purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 3rd quarter valued at about $42,675,000. Finally, Rockland Trust Co. purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 3rd quarter valued at about $25,993,000.
iShares 0-5 Year TIPS Bond ETF Trading Down 0.2%
STIP stock opened at $100.33 on Tuesday. iShares 0-5 Year TIPS Bond ETF has a 12 month low of $99.56 and a 12 month high of $104.16. The firm has a 50-day moving average of $100.36 and a two-hundred day moving average of $101.99.
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.
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