Echo45 Advisors LLC raised its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 98,825 shares of the company’s stock after acquiring an additional 2,515 shares during the period. iShares 0-5 Year TIPS Bond ETF makes up 7.1% of Echo45 Advisors LLC’s portfolio, making the stock its 4th largest holding. Echo45 Advisors LLC owned approximately 0.12% of iShares 0-5 Year TIPS Bond ETF worth $9,826,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. ICA Group Wealth Management LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at $25,000. Y.D. More Investments Ltd purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at about $27,000. Delos Wealth Advisors LLC bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at about $29,000. Tennessee Valley Asset Management Partners purchased a new position in iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth about $30,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth about $30,000.
iShares 0-5 Year TIPS Bond ETF Trading Down 0.5 %
STIP stock traded down $0.47 during mid-day trading on Monday, reaching $99.02. 154,212 shares of the stock traded hands, compared to its average volume of 516,178. The business has a 50-day moving average price of $99.19 and a two-hundred day moving average price of $98.98. iShares 0-5 Year TIPS Bond ETF has a one year low of $96.27 and a one year high of $99.57.
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.
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