Compass Financial Management LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 60,941 shares of the company’s stock, valued at approximately $6,224,000. iShares 0-5 Year TIPS Bond ETF accounts for about 0.7% of Compass Financial Management LLC’s investment portfolio, making the stock its 26th largest holding.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Chapman Financial Group LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter valued at approximately $26,000. IFC & Insurance Marketing Inc. acquired a new stake in iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth approximately $27,000. Caldwell Trust Co purchased a new position in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at approximately $29,000. Kingdom Financial Group LLC. purchased a new position in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at approximately $29,000. Finally, Beacon Financial Strategies CORP acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter worth $38,000.
iShares 0-5 Year TIPS Bond ETF Stock Performance
NYSEARCA:STIP opened at $100.92 on Friday. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $100.53 and a 52 week high of $104.16. The company has a fifty day simple moving average of $101.32 and a two-hundred day simple moving average of $102.58.
iShares 0-5 Year TIPS Bond ETF Company 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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