Cornerstone Financial Group LLC NE Has $5.55 Million Stock Position in iShares 0-5 Year TIPS Bond ETF $STIP

Cornerstone Financial Group LLC NE raised its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 10.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 54,243 shares of the company’s stock after acquiring an additional 4,989 shares during the period. iShares 0-5 Year TIPS Bond ETF makes up approximately 3.9% of Cornerstone Financial Group LLC NE’s holdings, making the stock its 8th largest holding. Cornerstone Financial Group LLC NE’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $5,554,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Chapman Financial Group LLC bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at $26,000. Caldwell Trust Co bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at $29,000. Kingdom Financial Group LLC. bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at $29,000. Avalon Trust Co bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at $41,000. Finally, Torren Management LLC bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at $41,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $102.33 on Wednesday. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $101.98 and a fifty-two week high of $104.16. The firm has a fifty day moving average price of $103.42 and a two-hundred day moving average price of $103.04.

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.