Independent Wealth Network Inc. Increases Position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Independent Wealth Network Inc. lifted its holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 18.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 19,310 shares of the company’s stock after purchasing an additional 3,031 shares during the quarter. Independent Wealth Network Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,943,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ridgewood Investments LLC increased its stake in iShares 0-5 Year TIPS Bond ETF by 33.0% during the 4th quarter. Ridgewood Investments LLC now owns 818 shares of the company’s stock worth $82,000 after buying an additional 203 shares in the last quarter. Peterson Financial Group Inc. purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 3rd quarter worth approximately $177,000. First United Bank & Trust increased its stake in iShares 0-5 Year TIPS Bond ETF by 19.2% during the 4th quarter. First United Bank & Trust now owns 1,914 shares of the company’s stock worth $193,000 after buying an additional 308 shares in the last quarter. Coldstream Capital Management Inc. purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 3rd quarter worth approximately $200,000. Finally, CWA Asset Management Group LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 3rd quarter worth approximately $204,000.

iShares 0-5 Year TIPS Bond ETF Trading Down 0.0 %

NYSEARCA:STIP opened at $101.04 on Thursday. iShares 0-5 Year TIPS Bond ETF has a 12 month low of $98.36 and a 12 month high of $101.52. The stock has a 50 day moving average of $100.77 and a two-hundred day moving average of $100.56.

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.