Sax Wealth Advisors LLC Invests $7.69 Million in iShares 0-5 Year TIPS Bond ETF $STIP

Sax Wealth Advisors LLC acquired a new position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 74,321 shares of the company’s stock, valued at approximately $7,687,000.

A number of other hedge funds have also recently modified their holdings of STIP. Parallel Advisors LLC boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 16.0% in the 3rd quarter. Parallel Advisors LLC now owns 811 shares of the company’s stock worth $84,000 after purchasing an additional 112 shares in the last quarter. United Asset Strategies Inc. increased its holdings in iShares 0-5 Year TIPS Bond ETF by 1.8% in the 1st quarter. United Asset Strategies Inc. now owns 6,594 shares of the company’s stock worth $682,000 after buying an additional 119 shares in the last quarter. Breakwater Capital Group boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 0.4% during the 1st quarter. Breakwater Capital Group now owns 28,642 shares of the company’s stock valued at $2,962,000 after acquiring an additional 120 shares during the last quarter. Running Point Capital Advisors LLC grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 36.9% in the fourth quarter. Running Point Capital Advisors LLC now owns 449 shares of the company’s stock worth $46,000 after acquiring an additional 121 shares during the period. Finally, Chicago Partners Investment Group LLC grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 0.4% in the first quarter. Chicago Partners Investment Group LLC now owns 29,739 shares of the company’s stock worth $3,085,000 after acquiring an additional 122 shares during the period.

iShares 0-5 Year TIPS Bond ETF Price Performance

STIP opened at $100.69 on Friday. The firm has a 50 day moving average price of $101.64 and a 200-day moving average price of $102.71. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $100.53 and a twelve month 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.