Spectrum Planning & Advisory Services Inc. Invests $283,000 in iShares 0-5 Year TIPS Bond ETF $STIP

Spectrum Planning & Advisory Services Inc. purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,750 shares of the company’s stock, valued at approximately $283,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Northern Trust Corp bought a new position in iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth about $451,000. Mackenzie Financial Corp boosted its stake in iShares 0-5 Year TIPS Bond ETF by 14.7% in the 4th quarter. Mackenzie Financial Corp now owns 53,000 shares of the company’s stock worth $5,332,000 after purchasing an additional 6,800 shares during the period. Ascent Group LLC bought a new position in iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth about $520,000. Ameriflex Group Inc. bought a new position in iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth about $58,000. Finally, Copia Wealth Management bought a new position in iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth about $3,075,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of NYSEARCA STIP opened at $103.41 on Thursday. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $100.13 and a 52 week high of $103.93. The business has a 50-day simple moving average of $103.26 and a two-hundred day simple moving average of $102.84.

iShares 0-5 Year TIPS Bond ETF Company 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.