Sax Wealth Advisors LLC bought a new stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 74,321 shares of the company’s stock, valued at approximately $7,687,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Chapman Financial Group LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 2nd quarter valued at about $26,000. IFC & Insurance Marketing Inc. bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth approximately $27,000. Caldwell Trust Co purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth approximately $29,000. Kingdom Financial Group LLC. bought a new stake in iShares 0-5 Year TIPS Bond ETF during the fourth quarter valued at approximately $29,000. Finally, Beacon Financial Strategies CORP purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the second quarter valued at approximately $38,000.
iShares 0-5 Year TIPS Bond ETF Trading Up 0.1%
STIP opened at $100.69 on Friday. The firm’s 50 day simple moving average is $101.64 and its two-hundred day simple moving average is $102.71. iShares 0-5 Year TIPS Bond ETF has a 1-year low of $100.53 and a 1-year 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.
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