Investment Partners Asset Management Inc. Grows Position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Investment Partners Asset Management Inc. raised its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,337 shares of the company’s stock after acquiring an additional 581 shares during the period. iShares 0-5 Year TIPS Bond ETF comprises approximately 1.4% of Investment Partners Asset Management Inc.’s investment portfolio, making the stock its 15th largest holding. Investment Partners Asset Management Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,744,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of STIP. Pflug Koory LLC raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 534.7% in the fourth quarter. Pflug Koory LLC now owns 476 shares of the company’s stock valued at $48,000 after purchasing an additional 401 shares during the last quarter. Ridgewood Investments LLC grew its position in iShares 0-5 Year TIPS Bond ETF by 33.0% in the 4th quarter. Ridgewood Investments LLC now owns 818 shares of the company’s stock worth $82,000 after purchasing an additional 203 shares in the last quarter. Peterson Financial Group Inc. bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 3rd quarter worth about $177,000. First United Bank & Trust increased its stake in iShares 0-5 Year TIPS Bond ETF by 19.2% in the 4th quarter. First United Bank & Trust now owns 1,914 shares of the company’s stock valued at $193,000 after buying an additional 308 shares during the last quarter. Finally, Coldstream Capital Management Inc. bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 3rd quarter worth approximately $200,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of NYSEARCA STIP opened at $101.53 on Thursday. The stock’s 50 day moving average price is $100.96 and its 200-day moving average price is $100.77. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $98.36 and a twelve month high of $101.81.

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.