Concurrent Investment Advisors LLC Raises Stock Position in iShares 0-5 Year TIPS Bond ETF $STIP

Concurrent Investment Advisors LLC boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 172.3% in the second quarter, HoldingsChannel.com reports. The fund owned 167,928 shares of the company’s stock after purchasing an additional 106,255 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $17,156,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Modera Wealth Management LLC lifted its stake in iShares 0-5 Year TIPS Bond ETF by 7.2% in the 1st quarter. Modera Wealth Management LLC now owns 2,442,854 shares of the company’s stock valued at $252,664,000 after buying an additional 163,586 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 6.8% in the first quarter. Ritholtz Wealth Management now owns 2,409,803 shares of the company’s stock valued at $249,246,000 after acquiring an additional 153,948 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 8.7% in the third quarter. Bank of America Corp DE now owns 1,755,257 shares of the company’s stock worth $181,423,000 after acquiring an additional 140,223 shares during the last quarter. Adventist Health System Sunbelt Healthcare Corp increased its position in shares of iShares 0-5 Year TIPS Bond ETF by 113.7% during 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 in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its holdings in iShares 0-5 Year TIPS Bond ETF by 9.4% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,322,733 shares of the company’s stock valued at $135,130,000 after purchasing an additional 113,391 shares in the last quarter.

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

iShares 0-5 Year TIPS Bond ETF stock opened at $100.81 on Friday. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $100.53 and a 52-week high of $104.16. The company has a fifty day simple moving average of $101.07 and a 200-day simple moving average of $102.44.

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.