Focus Financial Network Inc. Increases Holdings in iShares 0-5 Year TIPS Bond ETF $STIP

Focus Financial Network Inc. lifted its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 39.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,799 shares of the company’s stock after buying an additional 5,080 shares during the quarter. Focus Financial Network Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,818,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Modera Wealth Management LLC grew its holdings in iShares 0-5 Year TIPS Bond ETF by 7.2% in the first quarter. Modera Wealth Management LLC now owns 2,442,854 shares of the company’s stock worth $252,664,000 after purchasing an additional 163,586 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 6.8% in the first quarter. Ritholtz Wealth Management now owns 2,409,803 shares of the company’s stock worth $249,246,000 after purchasing an additional 153,948 shares during the last quarter. Bank of America Corp DE lifted its stake in iShares 0-5 Year TIPS Bond ETF by 8.7% during the 3rd quarter. Bank of America Corp DE now owns 1,755,257 shares of the company’s stock valued at $181,423,000 after acquiring an additional 140,223 shares during the period. Adventist Health System Sunbelt Healthcare Corp boosted its holdings in iShares 0-5 Year TIPS Bond ETF by 113.7% in the first quarter. Adventist Health System Sunbelt Healthcare Corp now owns 1,560,200 shares of the company’s stock valued at $161,371,000 after purchasing an additional 830,200 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 4.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,119,136 shares of the company’s stock worth $114,588,000 after buying an additional 43,725 shares during the last quarter.

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

STIP opened at $100.66 on Wednesday. The firm has a fifty day moving average price of $101.57 and a 200 day moving average price of $102.69. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $100.53 and a 1 year high of $104.16.

iShares 0-5 Year TIPS Bond ETF Company 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.