Waverly Advisors LLC Grows Position in iShares 0-5 Year TIPS Bond ETF $STIP

Waverly Advisors LLC raised its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 1,488.5% during the first quarter, HoldingsChannel reports. The firm owned 111,764 shares of the company’s stock after purchasing an additional 104,728 shares during the quarter. Waverly Advisors LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $11,560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in STIP. EverSource Wealth Advisors LLC lifted its position in iShares 0-5 Year TIPS Bond ETF by 39.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 436 shares of the company’s stock worth $45,000 after acquiring an additional 123 shares during the period. State Street Corp increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 0.5% in the second quarter. State Street Corp now owns 641,945 shares of the company’s stock valued at $66,063,000 after purchasing an additional 3,063 shares during the period. Vivaldi Capital Management LP acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter valued at about $285,000. Diversify Advisory Services LLC raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 14.6% in the second quarter. Diversify Advisory Services LLC now owns 6,496 shares of the company’s stock worth $669,000 after purchasing an additional 830 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 24.8% in the second quarter. Raymond James Financial Inc. now owns 609,857 shares of the company’s stock worth $62,760,000 after purchasing an additional 121,311 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

iShares 0-5 Year TIPS Bond ETF stock opened at $101.23 on Monday. The stock has a 50-day moving average price of $102.14 and a 200 day moving average price of $102.82. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $101.11 and a 52 week high of $104.16.

iShares 0-5 Year TIPS Bond ETF 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.