Montecito Bank & Trust Makes New Investment in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Montecito Bank & Trust acquired a new stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,200 shares of the company’s stock, valued at approximately $523,000.

Other institutional investors have also made changes to their positions in the company. Insigneo Advisory Services LLC acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at $488,000. The Manufacturers Life Insurance Company bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at about $3,015,000. Mackenzie Financial Corp increased its position in shares of iShares 0-5 Year TIPS Bond ETF by 6.8% in the second quarter. Mackenzie Financial Corp now owns 40,800 shares of the company’s stock valued at $4,059,000 after acquiring an additional 2,600 shares during the last quarter. Buck Wealth Strategies LLC raised its holdings in iShares 0-5 Year TIPS Bond ETF by 490.9% during the second quarter. Buck Wealth Strategies LLC now owns 50,934 shares of the company’s stock worth $5,067,000 after acquiring an additional 42,314 shares in the last quarter. Finally, Regal Investment Advisors LLC acquired a new position in iShares 0-5 Year TIPS Bond ETF during the second quarter valued at approximately $255,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

STIP stock opened at $101.20 on Friday. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $98.36 and a twelve month high of $101.52. The business has a 50 day moving average price of $100.79 and a two-hundred day moving average price of $100.58.

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.