Strategic Financial Concepts LLC Makes New Investment in iShares 0-5 Year TIPS Bond ETF $STIP

Strategic Financial Concepts LLC acquired a new position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,217 shares of the company’s stock, valued at approximately $1,968,000. iShares 0-5 Year TIPS Bond ETF comprises about 1.8% of Strategic Financial Concepts LLC’s investment portfolio, making the stock its 15th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Coldstream Capital Management Inc. boosted its position in iShares 0-5 Year TIPS Bond ETF by 871.0% in the fourth quarter. Coldstream Capital Management Inc. now owns 222,052 shares of the company’s stock worth $22,736,000 after purchasing an additional 199,184 shares during the last quarter. Evoke Wealth LLC raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 9.3% in the fourth quarter. Evoke Wealth LLC now owns 255,665 shares of the company’s stock valued at $26,178,000 after buying an additional 21,762 shares during the period. Axxcess Wealth Management LLC lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 7.3% during the 4th quarter. Axxcess Wealth Management LLC now owns 32,770 shares of the company’s stock valued at $3,355,000 after buying an additional 2,221 shares during the last quarter. SoundView Advisors Inc. bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth $21,528,000. Finally, Kingdom Financial Group LLC. bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth $29,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $103.28 on Friday. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $101.98 and a 52-week high of $104.16. The stock’s 50-day simple moving average is $103.52 and its 200 day simple moving average is $103.04.

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.