BNP Paribas Financial Markets Buys 148,062 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

BNP Paribas Financial Markets lifted its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 804.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 166,473 shares of the company’s stock after purchasing an additional 148,062 shares during the quarter. BNP Paribas Financial Markets’ holdings in iShares 0-5 Year TIPS Bond ETF were worth $17,045,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Chapman Financial Group LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 2nd quarter worth approximately $26,000. Caldwell Trust Co bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth approximately $29,000. Kingdom Financial Group LLC. bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth approximately $29,000. Avalon Trust Co bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 3rd quarter worth approximately $41,000. Finally, Rice Partnership LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 3rd quarter worth approximately $42,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of STIP opened at $102.28 on Friday. The business’s 50 day moving average price is $103.45 and its 200-day moving average price is $103.05. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $101.98 and a 52 week high of $104.16.

iShares 0-5 Year TIPS Bond ETF 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.