Tennessee Valley Asset Management Partners Takes Position in iShares 0-5 Year TIPS Bond ETF $STIP

Tennessee Valley Asset Management Partners purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,919 shares of the company’s stock, valued at approximately $1,129,000.

A number of other institutional investors have also recently bought and sold shares of STIP. Rossmore Private Capital bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 3rd quarter worth $26,000. Chapman Financial Group LLC acquired a new position in iShares 0-5 Year TIPS Bond ETF in the second quarter valued at about $26,000. Trust Co. of Vermont bought a new position in iShares 0-5 Year TIPS Bond ETF during the third quarter worth about $32,000. Avalon Trust Co bought a new stake in iShares 0-5 Year TIPS Bond ETF in the third quarter valued at approximately $41,000. Finally, Rice Partnership LLC bought a new stake in iShares 0-5 Year TIPS Bond ETF in the third quarter valued at approximately $42,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of NYSEARCA STIP opened at $103.40 on Thursday. The company’s fifty day moving average is $102.84 and its 200-day moving average is $103.01. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $101.67 and a twelve month high of $103.93.

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.