New York Life Investment Management LLC Raises Position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

New York Life Investment Management LLC boosted its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 415.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 268,939 shares of the company’s stock after purchasing an additional 216,799 shares during the period. New York Life Investment Management LLC owned about 0.33% of iShares 0-5 Year TIPS Bond ETF worth $26,757,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. ICA Group Wealth Management LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at $25,000. Larson Financial Group LLC raised its stake in iShares 0-5 Year TIPS Bond ETF by 5,300.0% in the 2nd quarter. Larson Financial Group LLC now owns 270 shares of the company’s stock valued at $27,000 after acquiring an additional 265 shares during the period. Edmond DE Rothschild Holding S.A. bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at about $30,000. IAG Wealth Partners LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the second quarter valued at about $30,000. Finally, Ridgewood Investments LLC bought a new position in iShares 0-5 Year TIPS Bond ETF during the second quarter worth about $34,000.

iShares 0-5 Year TIPS Bond ETF Trading Up 0.1 %

STIP opened at $100.55 on Friday. The firm has a 50-day moving average price of $99.83 and a 200-day moving average price of $99.40. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $96.27 and a twelve month high of $100.66.

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.