SVB Wealth LLC Buys 6,690 Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

SVB Wealth LLC lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 49.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 20,238 shares of the company’s stock after purchasing an additional 6,690 shares during the quarter. SVB Wealth LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,995,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. North Star Investment Management Corp. raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 153.0% during the 4th quarter. North Star Investment Management Corp. now owns 253 shares of the company’s stock valued at $25,000 after purchasing an additional 153 shares during the period. SkyView Investment Advisors LLC bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 1st quarter valued at about $25,000. Farmers & Merchants Investments Inc. bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 3rd quarter valued at about $26,000. Delos Wealth Advisors LLC bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 3rd quarter valued at about $29,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth approximately $30,000.

iShares 0-5 Year TIPS Bond ETF Trading Up 0.1 %

NYSEARCA STIP opened at $99.25 on Thursday. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $96.27 and a fifty-two week high of $99.52. The stock has a 50 day simple moving average of $99.04 and a two-hundred day simple moving average of $98.24.

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.