Pettinga Financial Advisors LLC Invests $899,000 in iShares 0-5 Year TIPS Bond ETF $STIP

Pettinga Financial Advisors LLC acquired a new stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 8,800 shares of the company’s stock, valued at approximately $899,000.

Several other institutional investors and hedge funds also recently made changes to their positions in STIP. Adventist Health System Sunbelt Healthcare Corp lifted its stake in iShares 0-5 Year TIPS Bond ETF by 113.7% in 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 purchasing an additional 830,200 shares during the last quarter. Bank of America Corp DE grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 71.1% during the second quarter. Bank of America Corp DE now owns 1,615,034 shares of the company’s stock valued at $166,203,000 after buying an additional 671,145 shares during the last quarter. Beacon Pointe Advisors LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 190.8% in the fourth quarter. Beacon Pointe Advisors LLC now owns 556,671 shares of the company’s stock worth $56,997,000 after buying an additional 365,234 shares during the period. SB Capital Management Inc purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth about $36,983,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in iShares 0-5 Year TIPS Bond ETF by 155.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 503,045 shares of the company’s stock valued at $51,995,000 after acquiring an additional 305,961 shares during the period.

iShares 0-5 Year TIPS Bond ETF Price Performance

NYSEARCA:STIP opened at $100.69 on Monday. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $100.53 and a fifty-two week high of $104.16. The business has a 50 day moving average price of $101.64 and a 200-day moving average price of $102.71.

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.