MLG Wealth Management DBA Pine Grove Financial Group Has $1.93 Million Stock Position in iShares 0-5 Year TIPS Bond ETF $STIP

MLG Wealth Management DBA Pine Grove Financial Group lifted its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 61.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,924 shares of the company’s stock after acquiring an additional 7,204 shares during the period. MLG Wealth Management DBA Pine Grove Financial Group’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,933,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 39.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 436 shares of the company’s stock worth $45,000 after purchasing an additional 123 shares during the period. State Street Corp raised its stake in iShares 0-5 Year TIPS Bond ETF by 0.5% during the 2nd quarter. State Street Corp now owns 641,945 shares of the company’s stock valued at $66,063,000 after purchasing an additional 3,063 shares during the period. Vivaldi Capital Management LP purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter valued at $285,000. Diversify Advisory Services LLC lifted its stake in iShares 0-5 Year TIPS Bond ETF by 14.6% in the 2nd quarter. Diversify Advisory Services LLC now owns 6,496 shares of the company’s stock worth $669,000 after acquiring an additional 830 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in iShares 0-5 Year TIPS Bond ETF by 24.8% during the 2nd quarter. Raymond James Financial Inc. now owns 609,857 shares of the company’s stock valued at $62,760,000 after acquiring an additional 121,311 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of STIP opened at $100.81 on Tuesday. The business’s 50-day moving average is $101.04 and its 200-day moving average is $102.42. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $100.53 and a fifty-two week 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.