Sovereign Financial Group Inc. Acquires New Shares in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Sovereign Financial Group Inc. bought a new stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,567 shares of the company’s stock, valued at approximately $253,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norden Group LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at approximately $218,149,000. Financial Gravity Asset Management Inc. lifted its position in iShares 0-5 Year TIPS Bond ETF by 2,326.3% in the third quarter. Financial Gravity Asset Management Inc. now owns 1,677,104 shares of the company’s stock valued at $180,182,000 after acquiring an additional 1,607,982 shares during the last quarter. Ritholtz Wealth Management increased its position in iShares 0-5 Year TIPS Bond ETF by 11.0% during the fourth quarter. Ritholtz Wealth Management now owns 1,259,063 shares of the company’s stock worth $124,131,000 after buying an additional 124,715 shares during the period. Envestnet Asset Management Inc. boosted its stake in iShares 0-5 Year TIPS Bond ETF by 8.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,178,601 shares of the company’s stock worth $114,230,000 after purchasing an additional 95,493 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 3.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 693,368 shares of the company’s stock valued at $68,359,000 after purchasing an additional 20,963 shares during the period.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA STIP remained flat at $99.01 on Wednesday. The company’s stock had a trading volume of 1,634,517 shares, compared to its average volume of 537,443. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $96.27 and a 52 week high of $99.52. The firm has a fifty day moving average price of $99.20 and a 200-day moving average price of $98.49.

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.