Wedmont Private Capital Makes New Investment in iShares 0-5 Year TIPS Bond ETF $STIP

Wedmont Private Capital purchased a new position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) during the fourth quarter, Holdings Channel reports. The fund purchased 6,465 shares of the company’s stock, valued at approximately $663,000.

A number of other hedge funds also recently made changes to their positions in STIP. Bank of America Corp DE grew its position in iShares 0-5 Year TIPS Bond ETF by 71.1% in the second quarter. Bank of America Corp DE now owns 1,615,034 shares of the company’s stock worth $166,203,000 after acquiring an additional 671,145 shares in the last quarter. Amplius Wealth Advisors LLC raised its position in iShares 0-5 Year TIPS Bond ETF by 17,600.5% during the third quarter. Amplius Wealth Advisors LLC now owns 469,418 shares of the company’s stock valued at $48,519,000 after purchasing an additional 466,766 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in iShares 0-5 Year TIPS Bond ETF by 34.1% during the second quarter. JPMorgan Chase & Co. now owns 1,543,492 shares of the company’s stock worth $158,841,000 after purchasing an additional 392,850 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in iShares 0-5 Year TIPS Bond ETF by 155.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 503,045 shares of the company’s stock worth $51,995,000 after purchasing an additional 305,961 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 6,120.7% in the 3rd quarter. Miracle Mile Advisors LLC now owns 294,301 shares of the company’s stock worth $30,419,000 after purchasing an additional 289,570 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Trading Down 0.2%

Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $103.13 on Tuesday. iShares 0-5 Year TIPS Bond ETF has a 12 month low of $101.67 and a 12 month high of $103.93. The business’s 50-day moving average price is $102.99 and its 200-day moving average price is $102.99.

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.