Investment Partners Asset Management Inc. Grows Stake in iShares 0-5 Year TIPS Bond ETF $STIP

Investment Partners Asset Management Inc. lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 2.9% in the second quarter, Holdings Channel reports. The firm owned 19,055 shares of the company’s stock after buying an additional 536 shares during the period. iShares 0-5 Year TIPS Bond ETF accounts for about 1.4% of Investment Partners Asset Management Inc.’s investment portfolio, making the stock its 19th largest position. Investment Partners Asset Management Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,961,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Capital Investment Advisory Services LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 34.0% during the first quarter. Capital Investment Advisory Services LLC now owns 382 shares of the company’s stock worth $40,000 after purchasing an additional 97 shares in the last quarter. Adams Wealth Management increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 2.8% during the first quarter. Adams Wealth Management now owns 3,766 shares of the company’s stock worth $390,000 after purchasing an additional 102 shares in the last quarter. CacheTech Inc. increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 2.8% during the first quarter. CacheTech Inc. now owns 3,766 shares of the company’s stock worth $390,000 after purchasing an additional 102 shares in the last quarter. Breakwater Investment Management boosted its position in iShares 0-5 Year TIPS Bond ETF by 0.9% during the first quarter. Breakwater Investment Management now owns 12,003 shares of the company’s stock worth $1,242,000 after acquiring an additional 110 shares during the last quarter. Finally, Kings Path Partners LLC boosted its position in iShares 0-5 Year TIPS Bond ETF by 14.4% during the second quarter. Kings Path Partners LLC now owns 872 shares of the company’s stock worth $90,000 after acquiring an additional 110 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

STIP opened at $103.30 on Friday. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $100.13 and a twelve month high of $103.93. The firm’s 50-day moving average price is $103.27 and its 200 day moving average price is $102.85.

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.