Kestra Investment Management LLC Purchases 24,177 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

Kestra Investment Management LLC increased its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 13.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,700 shares of the company’s stock after purchasing an additional 24,177 shares during the period. Kestra Investment Management LLC owned approximately 0.16% of iShares 0-5 Year TIPS Bond ETF worth $21,164,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of STIP. EverSource Wealth Advisors LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 39.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 436 shares of the company’s stock worth $45,000 after purchasing an additional 123 shares in the last quarter. State Street Corp boosted its stake in iShares 0-5 Year TIPS Bond ETF by 0.5% in the 2nd quarter. State Street Corp now owns 641,945 shares of the company’s stock worth $66,063,000 after purchasing an additional 3,063 shares in the last quarter. Vivaldi Capital Management LP bought a new position in iShares 0-5 Year TIPS Bond ETF in the 2nd quarter worth about $285,000. Diversify Advisory Services LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 14.6% in the 2nd quarter. Diversify Advisory Services LLC now owns 6,496 shares of the company’s stock worth $669,000 after purchasing an additional 830 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in iShares 0-5 Year TIPS Bond ETF by 24.8% during the 2nd quarter. Raymond James Financial Inc. now owns 609,857 shares of the company’s stock valued at $62,760,000 after acquiring an additional 121,311 shares during the period.

iShares 0-5 Year TIPS Bond ETF Stock Performance

STIP opened at $103.28 on Tuesday. The company’s 50-day simple moving average is $103.52 and its two-hundred day simple moving average is $103.04. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $101.98 and a 52-week 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.