Syon Capital LLC lifted its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) by 39.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 315,195 shares of the company’s stock after acquiring an additional 89,231 shares during the period. iShares 0-5 Year TIPS Bond ETF accounts for 1.4% of Syon Capital LLC’s investment portfolio, making the stock its 13th biggest holding. Syon Capital LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $32,200,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chapman Financial Group LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 2nd quarter valued at about $26,000. IFC & Insurance Marketing Inc. purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth about $27,000. Kingdom Financial Group LLC. purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth about $29,000. Beacon Financial Strategies CORP acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the second quarter worth about $38,000. Finally, Birchwood Financial Partners Inc. purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at approximately $42,000.
iShares 0-5 Year TIPS Bond ETF Trading Up 0.1%
Shares of NYSEARCA:STIP opened at $100.80 on Friday. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $100.53 and a twelve month high of $104.16. The company’s 50 day moving average is $101.09 and its 200 day moving average is $102.45.
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.
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Want to see what other hedge funds are holding STIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report).
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