Portland Global Advisors LLC Increases Position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Portland Global Advisors LLC increased its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 8.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,622 shares of the company’s stock after acquiring an additional 14,194 shares during the period. iShares 0-5 Year TIPS Bond ETF makes up about 2.3% of Portland Global Advisors LLC’s portfolio, making the stock its 12th biggest holding. Portland Global Advisors LLC owned about 0.22% of iShares 0-5 Year TIPS Bond ETF worth $18,070,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STIP. Knuff & Co LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $26,000. Pflug Koory LLC grew its position in iShares 0-5 Year TIPS Bond ETF by 534.7% during the 4th quarter. Pflug Koory LLC now owns 476 shares of the company’s stock worth $48,000 after purchasing 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 4th quarter valued at about $52,000. Atala Financial Inc acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at about $70,000. Finally, Providence First Trust Co purchased a new position in iShares 0-5 Year TIPS Bond ETF during the fourth quarter valued at approximately $75,000.

iShares 0-5 Year TIPS Bond ETF Stock Up 0.3 %

NYSEARCA STIP opened at $103.38 on Friday. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $98.53 and a twelve month high of $103.42. The stock has a 50-day moving average of $102.08 and a 200 day moving average of $101.28.

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.