LPL Financial LLC Boosts Stock Holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

LPL Financial LLC boosted its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 16.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,463,439 shares of the company’s stock after purchasing an additional 201,769 shares during the period. LPL Financial LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $148,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Equita Financial Network Inc. boosted its position in iShares 0-5 Year TIPS Bond ETF by 10.8% during the third quarter. Equita Financial Network Inc. now owns 53,570 shares of the company’s stock worth $5,428,000 after purchasing an additional 5,216 shares during the period. BIP Wealth LLC raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 18.0% during the 3rd quarter. BIP Wealth LLC now owns 103,874 shares of the company’s stock valued at $10,526,000 after buying an additional 15,822 shares in the last quarter. Amara Financial LLC. bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 3rd quarter valued at about $931,000. Fortis Advisors LLC raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 0.6% during the third quarter. Fortis Advisors LLC now owns 24,866 shares of the company’s stock worth $2,519,000 after acquiring an additional 160 shares in the last quarter. Finally, Chesapeake Capital Corp IL lifted its stake in iShares 0-5 Year TIPS Bond ETF by 27.9% in the third quarter. Chesapeake Capital Corp IL now owns 30,299 shares of the company’s stock worth $3,072,000 after purchasing an additional 6,610 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of STIP stock opened at $100.81 on Friday. iShares 0-5 Year TIPS Bond ETF has a 1-year low of $97.31 and a 1-year high of $101.52. The business has a 50-day moving average of $100.94 and a 200 day moving average of $100.07.

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.