Successful Portfolios LLC Buys 413 Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Successful Portfolios LLC grew its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 2.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 15,786 shares of the company’s stock after acquiring an additional 413 shares during the period. iShares 0-5 Year TIPS Bond ETF accounts for approximately 1.1% of Successful Portfolios LLC’s investment portfolio, making the stock its 24th biggest holding. Successful Portfolios LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,588,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Ridgewood Investments LLC lifted its holdings in iShares 0-5 Year TIPS Bond ETF by 33.0% during the 4th quarter. Ridgewood Investments LLC now owns 818 shares of the company’s stock worth $82,000 after purchasing an additional 203 shares during the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the third quarter worth $177,000. Coldstream Capital Management Inc. bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the third quarter valued at about $200,000. CWA Asset Management Group LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the third quarter valued at about $204,000. Finally, W.H. Cornerstone Investments Inc. bought a new position in iShares 0-5 Year TIPS Bond ETF during the third quarter worth about $205,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

NYSEARCA STIP opened at $101.15 on Monday. The firm has a 50-day moving average price of $100.74 and a two-hundred day moving average price of $100.53. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $98.36 and a 12-month high of $101.52.

About iShares 0-5 Year TIPS Bond ETF

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.