Choreo LLC Has $4.23 Million Stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Choreo LLC grew its holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 285.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 42,905 shares of the company’s stock after acquiring an additional 31,776 shares during the period. Choreo LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $4,230,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in STIP. Silver Oak Securities Incorporated raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 125.1% during the fourth quarter. Silver Oak Securities Incorporated now owns 172,146 shares of the company’s stock worth $16,972,000 after acquiring an additional 95,660 shares during the last quarter. Matrix Trust Co raised its holdings in iShares 0-5 Year TIPS Bond ETF by 64.2% during the 4th quarter. Matrix Trust Co now owns 1,128 shares of the company’s stock worth $111,000 after purchasing an additional 441 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its position in iShares 0-5 Year TIPS Bond ETF by 6.9% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 11,538 shares of the company’s stock valued at $1,138,000 after purchasing an additional 740 shares during the period. Valmark Advisers Inc. boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 9.1% in the 4th quarter. Valmark Advisers Inc. now owns 90,335 shares of the company’s stock valued at $8,906,000 after purchasing an additional 7,568 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth approximately $1,803,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of NYSEARCA STIP opened at $99.38 on Tuesday. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $96.27 and a fifty-two week high of $99.52. The company’s 50 day simple moving average is $99.13 and its 200 day simple moving average is $98.39.

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.