Investment Partners Asset Management Inc. Has $1.74 Million Stock Holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Investment Partners Asset Management Inc. increased its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,337 shares of the company’s stock after buying an additional 581 shares during the quarter. iShares 0-5 Year TIPS Bond ETF comprises about 1.4% of Investment Partners Asset Management Inc.’s portfolio, making the stock its 15th biggest position. Investment Partners Asset Management Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,744,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in STIP. Pflug Koory LLC raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 534.7% during the fourth quarter. Pflug Koory LLC now owns 476 shares of the company’s stock worth $48,000 after purchasing an additional 401 shares during the period. 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 valued at $82,000 after purchasing an additional 203 shares in the last quarter. Peterson Financial Group Inc. acquired a new position in iShares 0-5 Year TIPS Bond ETF during the third quarter worth $177,000. First United Bank & Trust lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 19.2% in the fourth quarter. First United Bank & Trust now owns 1,914 shares of the company’s stock valued at $193,000 after buying an additional 308 shares in the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF during the third quarter valued at about $200,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

NYSEARCA:STIP opened at $101.53 on Thursday. iShares 0-5 Year TIPS Bond ETF has a one year low of $98.36 and a one year high of $101.81. The firm has a 50-day moving average of $100.96 and a 200-day moving average of $100.77.

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.