Western Wealth Management LLC Grows Position in iShares 0-5 Year TIPS Bond ETF $STIP

Western Wealth Management LLC raised its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 291.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,636 shares of the company’s stock after buying an additional 7,920 shares during the quarter. Western Wealth Management LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,089,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Rossmore Private Capital purchased a new position in iShares 0-5 Year TIPS Bond ETF during the 3rd quarter valued at approximately $26,000. Chapman Financial Group LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF during the 2nd quarter valued at approximately $26,000. Caldwell Trust Co purchased a new position in iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at approximately $29,000. Avalon Trust Co purchased a new position in iShares 0-5 Year TIPS Bond ETF during the 3rd quarter valued at approximately $41,000. Finally, Torren Management LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at approximately $41,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA STIP opened at $103.56 on Friday. The business has a 50 day simple moving average of $103.52 and a two-hundred day simple moving average of $103.03. iShares 0-5 Year TIPS Bond ETF has a 1-year low of $101.98 and a 1-year high of $104.16.

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.