New York Life Investment Management LLC Increases Holdings in iShares 0-5 Year TIPS Bond ETF $STIP

New York Life Investment Management LLC lifted its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 28.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398,190 shares of the company’s stock after purchasing an additional 88,064 shares during the period. New York Life Investment Management LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $40,978,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LGT Financial Advisors LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 2nd quarter worth $26,000. HHM Wealth Advisors LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 1st quarter worth $28,000. Cape Investment Advisory Inc. increased its stake 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 purchasing an additional 353 shares in the last quarter. Capital Investment Advisory Services LLC increased its stake 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 purchasing an additional 97 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake 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 purchasing an additional 389 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA:STIP opened at $103.42 on Tuesday. iShares 0-5 Year TIPS Bond ETF has a one year low of $100.13 and a one year high of $103.93. The business has a fifty day moving average price of $103.44 and a 200-day moving average price of $102.93.

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.