Brookstone Capital Management grew its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) by 10.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,207 shares of the company’s stock after acquiring an additional 9,613 shares during the quarter. Brookstone Capital Management’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $10,415,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in STIP. Maseco LLP acquired a new stake in iShares 0-5 Year TIPS Bond ETF during the second quarter worth about $64,472,000. Dynasty Wealth Management LLC increased its stake in iShares 0-5 Year TIPS Bond ETF by 115.2% during the first quarter. Dynasty Wealth Management LLC now owns 946,182 shares of the company’s stock worth $97,901,000 after acquiring an additional 506,435 shares during the last quarter. Quotient Wealth Partners LLC increased its stake in iShares 0-5 Year TIPS Bond ETF by 108.5% during the first quarter. Quotient Wealth Partners LLC now owns 904,284 shares of the company’s stock worth $93,566,000 after acquiring an additional 470,472 shares during the last quarter. Partners Capital Investment Group LLP increased its stake in iShares 0-5 Year TIPS Bond ETF by 51.9% during the first quarter. Partners Capital Investment Group LLP now owns 994,985 shares of the company’s stock worth $102,951,000 after acquiring an additional 340,117 shares during the last quarter. Finally, World Investment Advisors acquired a new stake in iShares 0-5 Year TIPS Bond ETF during the first quarter worth about $31,924,000.
iShares 0-5 Year TIPS Bond ETF Trading Up 0.1%
STIP stock opened at $103.60 on Thursday. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $100.13 and a 1 year high of $103.93. The stock has a 50-day simple moving average of $103.42 and a 200-day simple moving average of $102.91.
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.
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