TritonPoint Partners LLC Invests $1.86 Million in iShares 0-5 Year TIPS Bond ETF $STIP

TritonPoint Partners LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 18,171 shares of the company’s stock, valued at approximately $1,860,000. iShares 0-5 Year TIPS Bond ETF accounts for approximately 1.0% of TritonPoint Partners LLC’s investment portfolio, making the stock its 25th biggest position.

A number of other hedge funds have also recently made changes to their positions in the stock. Modera Wealth Management LLC boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 6.7% in the 4th quarter. Modera Wealth Management LLC now owns 2,279,268 shares of the company’s stock worth $233,374,000 after purchasing an additional 142,348 shares in the last quarter. Ritholtz Wealth Management raised its holdings in iShares 0-5 Year TIPS Bond ETF by 5.1% in the 4th quarter. Ritholtz Wealth Management now owns 2,255,855 shares of the company’s stock worth $230,977,000 after acquiring an additional 109,416 shares during the last quarter. Bank of America Corp DE raised its holdings in iShares 0-5 Year TIPS Bond ETF by 8.7% in the 3rd quarter. Bank of America Corp DE now owns 1,755,257 shares of the company’s stock worth $181,423,000 after acquiring an additional 140,223 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in iShares 0-5 Year TIPS Bond ETF by 8.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,148,502 shares of the company’s stock worth $117,595,000 after acquiring an additional 86,535 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in iShares 0-5 Year TIPS Bond ETF by 4.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,119,136 shares of the company’s stock worth $114,588,000 after acquiring an additional 43,725 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of NYSEARCA STIP opened at $102.38 on Monday. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $102.12 and a twelve month high of $104.16. The company has a 50 day moving average of $103.36 and a 200 day moving average of $103.03.

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.