iShares 0-5 Year TIPS Bond ETF $STIP is Elevate Wealth Advisory Inc.’s 5th Largest Position

Elevate Wealth Advisory Inc. grew its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 4.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,332 shares of the company’s stock after buying an additional 3,129 shares during the quarter. iShares 0-5 Year TIPS Bond ETF accounts for 5.8% of Elevate Wealth Advisory Inc.’s investment portfolio, making the stock its 5th biggest position. Elevate Wealth Advisory Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $8,208,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Transce3nd LLC bought a new position in iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at $25,000. HHM Wealth Advisors LLC bought a new stake in iShares 0-5 Year TIPS Bond ETF during the first quarter worth about $28,000. Chapman Financial Group LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth about $33,000. Capital Investment Advisory Services LLC increased its position in shares of iShares 0-5 Year TIPS Bond ETF by 34.0% during the 1st quarter. Capital Investment Advisory Services LLC now owns 382 shares of the company’s stock valued at $40,000 after purchasing an additional 97 shares during the last quarter. Finally, Rossby Financial LCC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 1st quarter valued at about $48,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA:STIP opened at $103.15 on Thursday. The business has a 50 day moving average of $102.76 and a 200 day moving average of $102.58. iShares 0-5 Year TIPS Bond ETF has a 1-year low of $100.00 and a 1-year high of $103.61.

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.