Flputnam Investment Management Co. Acquires 52,085 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

Flputnam Investment Management Co. lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 6.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 914,329 shares of the company’s stock after purchasing an additional 52,085 shares during the quarter. iShares 0-5 Year TIPS Bond ETF accounts for approximately 1.4% of Flputnam Investment Management Co.’s portfolio, making the stock its 14th largest position. Flputnam Investment Management Co.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $93,618,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STIP. Chapman Financial Group LLC bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 2nd quarter worth about $26,000. Caldwell Trust Co bought a new position in iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at about $29,000. Kingdom Financial Group LLC. bought a new position in iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at about $29,000. Avalon Trust Co bought a new position in iShares 0-5 Year TIPS Bond ETF during the 3rd quarter valued at about $41,000. Finally, Torren Management LLC bought a new position in iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at about $41,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of STIP stock opened at $103.41 on Wednesday. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $101.98 and a 12-month high of $104.16. The firm has a 50-day moving average price of $103.52 and a 200 day moving average price of $103.05.

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.