Cornerstone Financial Management LLC Takes Position in iShares 0-5 Year TIPS Bond ETF $STIP

Cornerstone Financial Management LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,969 shares of the company’s stock, valued at approximately $918,000.

A number of other hedge funds also recently made changes to their positions in the business. Blue Edge Capital LLC raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 2.4% during the third quarter. Blue Edge Capital LLC now owns 4,798 shares of the company’s stock valued at $496,000 after buying an additional 112 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 16.0% during the third quarter. Parallel Advisors LLC now owns 811 shares of the company’s stock valued at $84,000 after buying an additional 112 shares during the last quarter. BWM Planning LLC raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 2.0% during the fourth quarter. BWM Planning LLC now owns 5,899 shares of the company’s stock valued at $604,000 after buying an additional 118 shares during the last quarter. Prospera Financial Services Inc raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 1.3% during the third quarter. Prospera Financial Services Inc now owns 9,527 shares of the company’s stock valued at $985,000 after buying an additional 120 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 39.3% during the second quarter. EverSource Wealth Advisors LLC now owns 436 shares of the company’s stock valued at $45,000 after buying an additional 123 shares during the last quarter.

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

STIP opened at $102.38 on Friday. The business’s 50 day moving average is $103.36 and its 200-day moving average is $103.03. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $102.12 and a twelve month high of $104.16.

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.