Focus Financial Network Inc. Buys 5,080 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

Focus Financial Network Inc. lifted its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 39.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,799 shares of the company’s stock after purchasing an additional 5,080 shares during the quarter. Focus Financial Network Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,818,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Wealthcare Capital Management LLC raised its holdings in iShares 0-5 Year TIPS Bond ETF by 2.3% during the 2nd quarter. Wealthcare Capital Management LLC now owns 938,761 shares of the company’s stock valued at $95,904,000 after buying an additional 21,225 shares during the period. Pettinga Financial Advisors LLC bought a new stake in iShares 0-5 Year TIPS Bond ETF in the second quarter worth $899,000. Sax Wealth Advisors LLC bought a new stake in iShares 0-5 Year TIPS Bond ETF in the second quarter worth $7,687,000. Ehrlich Financial Group boosted its stake in iShares 0-5 Year TIPS Bond ETF by 5.8% during the second quarter. Ehrlich Financial Group now owns 5,140 shares of the company’s stock worth $525,000 after buying an additional 283 shares during the period. Finally, Breakwater Capital Group boosted its stake in iShares 0-5 Year TIPS Bond ETF by 14.2% during the second quarter. Breakwater Capital Group now owns 32,705 shares of the company’s stock worth $3,341,000 after buying an additional 4,063 shares during the period.

iShares 0-5 Year TIPS Bond ETF Trading Down 0.0%

STIP stock opened at $100.66 on Wednesday. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $100.53 and a twelve month high of $104.16. The firm’s fifty day simple moving average is $101.57 and its two-hundred day simple moving average is $102.69.

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.