Raymond James Financial Inc. Invests $40.44 Million in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Raymond James Financial Inc. purchased a new stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 402,021 shares of the company’s stock, valued at approximately $40,443,000. Raymond James Financial Inc. owned 0.50% of iShares 0-5 Year TIPS Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 9.7% in the fourth quarter. FMR LLC now owns 3,308,805 shares of the company’s stock valued at $332,866,000 after acquiring an additional 293,457 shares in the last quarter. Modera Wealth Management LLC lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 4.6% in the 4th quarter. Modera Wealth Management LLC now owns 1,894,273 shares of the company’s stock worth $190,564,000 after purchasing an additional 82,678 shares during the period. Ritholtz Wealth Management boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 3.9% during the fourth quarter. Ritholtz Wealth Management now owns 1,572,147 shares of the company’s stock valued at $158,158,000 after purchasing an additional 59,199 shares in the last quarter. LPL Financial LLC increased its holdings in iShares 0-5 Year TIPS Bond ETF by 5.2% during the fourth quarter. LPL Financial LLC now owns 1,538,970 shares of the company’s stock valued at $154,820,000 after buying an additional 75,531 shares during the period. Finally, 3EDGE Asset Management LP raised its stake in iShares 0-5 Year TIPS Bond ETF by 156.7% in the fourth quarter. 3EDGE Asset Management LP now owns 1,261,483 shares of the company’s stock worth $126,905,000 after buying an additional 770,017 shares in the last quarter.

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

Shares of NYSEARCA STIP opened at $102.45 on Wednesday. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $98.53 and a 12-month high of $103.61. The stock’s fifty day simple moving average is $102.47 and its two-hundred day simple moving average is $101.43.

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.