Sequoia Financial Advisors LLC Grows Stock Position in iShares 0-5 Year TIPS Bond ETF $STIP

Sequoia Financial Advisors LLC increased its holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 8.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,679 shares of the company’s stock after purchasing an additional 618 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $790,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. HHM Wealth Advisors LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 1st quarter worth about $28,000. Cape Investment Advisory Inc. boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 35,300.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 354 shares of the company’s stock worth $37,000 after buying an additional 353 shares in the last quarter. Capital Investment Advisory Services LLC boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 34.0% in the 1st quarter. Capital Investment Advisory Services LLC now owns 382 shares of the company’s stock worth $40,000 after buying an additional 97 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 7,780.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 394 shares of the company’s stock worth $41,000 after buying an additional 389 shares in the last quarter. Finally, Signature Resources Capital Management LLC boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 45.1% in the 2nd quarter. Signature Resources Capital Management LLC now owns 428 shares of the company’s stock worth $44,000 after buying an additional 133 shares in the last quarter.

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

iShares 0-5 Year TIPS Bond ETF stock opened at $103.45 on Friday. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $100.13 and a 52 week high of $103.93. The firm’s 50-day simple moving average is $103.39 and its 200 day simple moving average is $102.90.

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.