755 Shares in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Acquired by IMG Wealth Management Inc.

IMG Wealth Management Inc. acquired a new position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 755 shares of the company’s stock, valued at approximately $76,000.

Several other hedge funds also recently added to or reduced their stakes in STIP. Knuff & Co LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth approximately $26,000. Pflug Koory LLC grew its position in iShares 0-5 Year TIPS Bond ETF by 534.7% in the fourth quarter. Pflug Koory LLC now owns 476 shares of the company’s stock worth $48,000 after acquiring an additional 401 shares during the period. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $52,000. Atala Financial Inc purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $70,000. Finally, Providence First Trust Co purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $75,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

STIP opened at $102.46 on Monday. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $98.53 and a 52 week high of $102.90. The business has a fifty day simple moving average of $101.68 and a 200-day simple moving average of $101.12.

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.