SB Capital Management Inc bought a new stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) during the 4th quarter, Holdings Channel reports. The institutional investor bought 361,193 shares of the company’s stock, valued at approximately $36,983,000. iShares 0-5 Year TIPS Bond ETF makes up about 13.6% of SB Capital Management Inc’s investment portfolio, making the stock its biggest position.
A number of other hedge funds and other institutional investors also recently bought and sold shares of STIP. Adventist Health System Sunbelt Healthcare Corp purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth about $74,745,000. Bank of America Corp DE boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 71.1% during the 2nd quarter. Bank of America Corp DE now owns 1,615,034 shares of the company’s stock worth $166,203,000 after acquiring an additional 671,145 shares in the last quarter. Beacon Pointe Advisors LLC boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 190.8% during the 4th quarter. Beacon Pointe Advisors LLC now owns 556,671 shares of the company’s stock worth $56,997,000 after acquiring an additional 365,234 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 155.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 503,045 shares of the company’s stock valued at $51,995,000 after acquiring an additional 305,961 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 4,062.8% in the 4th quarter. Jane Street Group LLC now owns 301,594 shares of the company’s stock valued at $30,880,000 after acquiring an additional 294,349 shares during the last quarter.
iShares 0-5 Year TIPS Bond ETF Price Performance
Shares of NYSEARCA STIP opened at $102.06 on Friday. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $101.84 and a fifty-two week high of $104.16. The stock’s 50-day simple moving average is $103.27 and its 200-day simple moving average is $103.00.
iShares 0-5 Year TIPS Bond ETF 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.
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Want to see what other hedge funds are holding STIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report).
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