Midwest Capital Advisors LLC Purchases Shares of 11,833 iShares 0-5 Year TIPS Bond ETF $STIP

Midwest Capital Advisors LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,833 shares of the company’s stock, valued at approximately $1,218,000. iShares 0-5 Year TIPS Bond ETF comprises approximately 0.6% of Midwest Capital Advisors LLC’s investment portfolio, making the stock its 22nd biggest position.

Several other hedge funds also recently added to or reduced their stakes in STIP. Maseco LLP purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the second quarter valued at $64,472,000. Dynasty Wealth Management LLC boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 115.2% during the 1st 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 in the last quarter. Quotient Wealth Partners LLC boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 108.5% during the 1st 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 in the last quarter. Partners Capital Investment Group LLP boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 51.9% during the 1st 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 in the last quarter. Finally, World Investment Advisors purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 1st quarter worth about $31,924,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

STIP stock opened at $103.32 on Friday. The company’s 50-day simple moving average is $103.35 and its 200-day simple moving average is $102.89. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $100.13 and a 52-week high of $103.93.

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.