Strategic Financial Concepts LLC Invests $1.97 Million in iShares 0-5 Year TIPS Bond ETF $STIP

Strategic Financial Concepts LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 19,217 shares of the company’s stock, valued at approximately $1,968,000. iShares 0-5 Year TIPS Bond ETF accounts for approximately 1.8% of Strategic Financial Concepts LLC’s holdings, making the stock its 15th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Meridian Wealth Management LLC raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 2.2% during the 3rd quarter. Meridian Wealth Management LLC now owns 4,602 shares of the company’s stock valued at $476,000 after purchasing an additional 101 shares during the period. Blue Edge Capital LLC raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 2.4% during the 3rd quarter. Blue Edge Capital LLC now owns 4,798 shares of the company’s stock valued at $496,000 after purchasing an additional 112 shares during the period. Parallel Advisors LLC raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 16.0% during the 3rd quarter. Parallel Advisors LLC now owns 811 shares of the company’s stock valued at $84,000 after purchasing an additional 112 shares during the period. BWM Planning LLC raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 2.0% during the 4th quarter. BWM Planning LLC now owns 5,899 shares of the company’s stock valued at $604,000 after purchasing an additional 118 shares during the period. Finally, Prospera Financial Services Inc raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 1.3% during the 3rd quarter. Prospera Financial Services Inc now owns 9,527 shares of the company’s stock valued at $985,000 after purchasing an additional 120 shares during the period.

iShares 0-5 Year TIPS Bond ETF Trading Down 0.0%

NYSEARCA:STIP opened at $103.28 on Friday. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $101.98 and a 52-week high of $104.16. The business’s fifty day moving average is $103.52 and its 200 day moving average is $103.04.

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.