Penobscot Wealth Management Acquires 8,383 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

Penobscot Wealth Management raised its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 11.5% in the third quarter, HoldingsChannel.com reports. The fund owned 80,998 shares of the company’s stock after buying an additional 8,383 shares during the quarter. iShares 0-5 Year TIPS Bond ETF accounts for 2.7% of Penobscot Wealth Management’s portfolio, making the stock its 8th biggest position. Penobscot Wealth Management’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $8,372,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Rossmore Private Capital acquired a new position in iShares 0-5 Year TIPS Bond ETF during the 3rd quarter worth $26,000. Chapman Financial Group LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF during the second quarter valued at $26,000. Trust Co. of Vermont bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the third quarter valued at about $32,000. Avalon Trust Co bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the third quarter valued at about $41,000. Finally, Rice Partnership LLC acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the third quarter worth about $42,000.

iShares 0-5 Year TIPS Bond ETF Trading Up 0.2%

Shares of STIP opened at $103.68 on Wednesday. The firm has a 50-day moving average price of $102.92 and a 200 day moving average price of $103.00. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $101.67 and a 52-week high of $103.93.

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.