NewEdge Advisors LLC Buys 185,013 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

NewEdge Advisors LLC raised its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 64.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 470,685 shares of the company’s stock after purchasing an additional 185,013 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $48,085,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. IFP Advisors Inc raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 8.4% in the 2nd quarter. IFP Advisors Inc now owns 67,008 shares of the company’s stock valued at $6,846,000 after acquiring an additional 5,209 shares during the period. Baird Financial Group Inc. grew its holdings in iShares 0-5 Year TIPS Bond ETF by 4.4% during the second quarter. Baird Financial Group Inc. now owns 40,770 shares of the company’s stock valued at $4,165,000 after purchasing an additional 1,721 shares during the period. MLG Wealth Management DBA Pine Grove Financial Group grew its holdings in iShares 0-5 Year TIPS Bond ETF by 61.5% during the second quarter. MLG Wealth Management DBA Pine Grove Financial Group now owns 18,924 shares of the company’s stock valued at $1,933,000 after purchasing an additional 7,204 shares during the period. Citadel Advisors LLC acquired a new position in iShares 0-5 Year TIPS Bond ETF during the second quarter valued at approximately $2,081,000. Finally, Tanager Wealth Management LLP increased its stake in iShares 0-5 Year TIPS Bond ETF by 16.3% in the second quarter. Tanager Wealth Management LLP now owns 2,463 shares of the company’s stock valued at $252,000 after purchasing an additional 345 shares in the last quarter.

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

STIP opened at $100.79 on Thursday. The firm’s fifty day moving average is $101.01 and its two-hundred day moving average is $102.39. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $100.53 and a twelve month high of $104.16.

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.