Portland Financial Advisors Inc Makes New $2.05 Million Investment in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Portland Financial Advisors Inc bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,401 shares of the company’s stock, valued at approximately $2,052,000. iShares 0-5 Year TIPS Bond ETF comprises about 5.5% of Portland Financial Advisors Inc’s investment portfolio, making the stock its 2nd biggest holding.

A number of other hedge funds also recently made changes to their positions in the business. DDD Partners LLC increased its holdings in iShares 0-5 Year TIPS Bond ETF by 3.1% during the fourth quarter. DDD Partners LLC now owns 3,680 shares of the company’s stock worth $370,000 after buying an additional 110 shares during the last quarter. MADDEN SECURITIES Corp increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 3.0% during the 4th quarter. MADDEN SECURITIES Corp now owns 4,150 shares of the company’s stock worth $417,000 after purchasing an additional 120 shares during the last quarter. First PREMIER Bank raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 1.0% in the 4th quarter. First PREMIER Bank now owns 13,279 shares of the company’s stock worth $1,336,000 after purchasing an additional 134 shares during the period. Capasso Planning Partners LLC lifted its stake in iShares 0-5 Year TIPS Bond ETF by 0.9% in the third quarter. Capasso Planning Partners LLC now owns 15,127 shares of the company’s stock valued at $1,533,000 after purchasing an additional 142 shares during the last quarter. Finally, FC Advisory LLC grew its holdings in iShares 0-5 Year TIPS Bond ETF by 3.1% during the fourth quarter. FC Advisory LLC now owns 4,928 shares of the company’s stock valued at $496,000 after purchasing an additional 147 shares during the period.

iShares 0-5 Year TIPS Bond ETF Price Performance

NYSEARCA:STIP opened at $102.00 on Monday. The business has a fifty day simple moving average of $101.08 and a two-hundred day simple moving average of $100.87. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $98.49 and a 1 year high of $102.06.

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.