Sugar Maple Asset Management LLC Acquires 4,765 Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Sugar Maple Asset Management LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 7.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,779 shares of the company’s stock after purchasing an additional 4,765 shares during the period. iShares 0-5 Year TIPS Bond ETF makes up about 5.3% of Sugar Maple Asset Management LLC’s investment portfolio, making the stock its 6th biggest holding. Sugar Maple Asset Management LLC owned approximately 0.06% of iShares 0-5 Year TIPS Bond ETF worth $6,703,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in STIP. Tanager Wealth Management LLP purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at about $204,000. Stratos Investment Management LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter valued at approximately $459,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 32.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,000 shares of the company’s stock valued at $5,529,000 after purchasing an additional 13,500 shares during the period. Private Wealth Management Group LLC grew its holdings in iShares 0-5 Year TIPS Bond ETF by 2.2% during the 4th quarter. Private Wealth Management Group LLC now owns 8,853 shares of the company’s stock valued at $891,000 after purchasing an additional 192 shares in the last quarter. Finally, Greenspring Advisors LLC increased its stake in iShares 0-5 Year TIPS Bond ETF by 121.6% during the 4th quarter. Greenspring Advisors LLC now owns 5,064 shares of the company’s stock worth $509,000 after buying an additional 2,779 shares during the period.

iShares 0-5 Year TIPS Bond ETF Price Performance

NYSEARCA:STIP opened at $102.36 on Thursday. The firm has a 50-day moving average of $102.67 and a two-hundred day moving average of $101.87. iShares 0-5 Year TIPS Bond ETF has a 1-year low of $98.84 and a 1-year high of $103.61.

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.