McNaughton Wealth Management LLC Invests $596,000 in iShares 0-5 Year TIPS Bond ETF $STIP

McNaughton Wealth Management LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,831 shares of the company’s stock, valued at approximately $596,000.

Several other hedge funds also recently modified their holdings of STIP. Chapman Financial Group LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter worth $26,000. IFC & Insurance Marketing Inc. acquired a new position in iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at $27,000. Caldwell Trust Co acquired a new position in iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at $29,000. Kingdom Financial Group LLC. bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at $29,000. Finally, Torren Management LLC bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at $41,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA STIP opened at $100.58 on Thursday. The company’s fifty day moving average is $101.76 and its two-hundred day moving average is $102.74. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $100.54 and a 52-week high of $104.16.

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.