Strategic Financial Concepts LLC Takes Position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Strategic Financial Concepts LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,578 shares of the company’s stock, valued at approximately $863,000.

Several other institutional investors have also added to or reduced their stakes in STIP. Pflug Koory LLC raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 534.7% in the 4th quarter. Pflug Koory LLC now owns 476 shares of the company’s stock valued at $48,000 after purchasing an additional 401 shares during the period. Ridgewood Investments LLC grew its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 33.0% during the fourth 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. acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at approximately $177,000. First United Bank & Trust lifted its stake in iShares 0-5 Year TIPS Bond ETF by 19.2% in the 4th quarter. First United Bank & Trust now owns 1,914 shares of the company’s stock valued at $193,000 after acquiring an additional 308 shares in the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in iShares 0-5 Year TIPS Bond ETF during the 3rd quarter worth approximately $200,000.

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

NYSEARCA STIP opened at $101.75 on Wednesday. The firm’s 50 day moving average is $101.02 and its 200-day moving average is $100.83. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $98.49 and a 12-month high of $101.85.

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.