Fifth Third Bancorp Raises Position in iShares 0-5 Year TIPS Bond ETF $STIP

Fifth Third Bancorp increased its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 762.9% in the first quarter, HoldingsChannel reports. The firm owned 13,910 shares of the company’s stock after purchasing an additional 12,298 shares during the quarter. Fifth Third Bancorp’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,439,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Parallel Advisors LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 16.0% during the third quarter. Parallel Advisors LLC now owns 811 shares of the company’s stock valued at $84,000 after purchasing an additional 112 shares in the last quarter. BWM Planning LLC boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 2.0% in the 4th quarter. BWM Planning LLC now owns 5,899 shares of the company’s stock worth $604,000 after purchasing an additional 118 shares in the last quarter. United Asset Strategies Inc. boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 1.8% in the 1st quarter. United Asset Strategies Inc. now owns 6,594 shares of the company’s stock worth $682,000 after purchasing an additional 119 shares in the last quarter. Breakwater Capital Group grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 0.4% in the 1st quarter. Breakwater Capital Group now owns 28,642 shares of the company’s stock worth $2,962,000 after buying an additional 120 shares during the last quarter. Finally, Running Point Capital Advisors LLC grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 36.9% in the 4th quarter. Running Point Capital Advisors LLC now owns 449 shares of the company’s stock worth $46,000 after buying an additional 121 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Trading Down 0.1%

Shares of NYSEARCA:STIP opened at $101.21 on Friday. The stock has a fifty day simple moving average of $102.18 and a two-hundred day simple moving average of $102.83. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $101.11 and a 12-month 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.