Straight Path Wealth Management Raises Stock Position in iShares 0-5 Year TIPS Bond ETF $STIP

Straight Path Wealth Management grew its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 11.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 57,504 shares of the company’s stock after purchasing an additional 5,679 shares during the period. iShares 0-5 Year TIPS Bond ETF accounts for 1.4% of Straight Path Wealth Management’s portfolio, making the stock its 15th biggest position. Straight Path Wealth Management’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $5,944,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STIP. Belpointe Asset Management LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 19.9% in the third quarter. Belpointe Asset Management LLC now owns 17,376 shares of the company’s stock valued at $1,796,000 after acquiring an additional 2,883 shares in the last quarter. First Command Advisory Services Inc. grew its stake in iShares 0-5 Year TIPS Bond ETF by 17.5% during the 3rd quarter. First Command Advisory Services Inc. now owns 2,728 shares of the company’s stock worth $282,000 after buying an additional 406 shares during the last quarter. Fortis Capital Advisors LLC acquired a new position in iShares 0-5 Year TIPS Bond ETF during the third quarter worth approximately $250,000. CFS Investment Advisory Services LLC increased its position in iShares 0-5 Year TIPS Bond ETF by 2.2% during the third quarter. CFS Investment Advisory Services LLC now owns 56,719 shares of the company’s stock worth $5,871,000 after buying an additional 1,197 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its stake in iShares 0-5 Year TIPS Bond ETF by 4.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 63,606 shares of the company’s stock valued at $6,574,000 after buying an additional 2,598 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of STIP opened at $102.57 on Tuesday. The company’s 50 day simple moving average is $102.60 and its 200-day simple moving average is $103.00. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $101.09 and a 12-month high of $103.93.

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.