Penobscot Wealth Management lifted its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) by 7.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,663 shares of the company’s stock after buying an additional 5,960 shares during the quarter. iShares 0-5 Year TIPS Bond ETF makes up 2.8% of Penobscot Wealth Management’s investment portfolio, making the stock its 7th largest holding. Penobscot Wealth Management owned approximately 0.06% of iShares 0-5 Year TIPS Bond ETF worth $9,377,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in STIP. Chapman Financial Group LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter valued at $26,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth approximately $27,000. Caldwell Trust Co purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth approximately $29,000. Kingdom Financial Group LLC. acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at approximately $29,000. Finally, Torren Management LLC acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at approximately $41,000.
iShares 0-5 Year TIPS Bond ETF Price Performance
Shares of NYSEARCA:STIP opened at $102.04 on Friday. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $101.83 and a 52 week high of $104.16. The company’s 50 day moving average is $103.11 and its two-hundred day moving average is $102.97.
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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