MLG Wealth Management DBA Pine Grove Financial Group Has $1.93 Million Stake in iShares 0-5 Year TIPS Bond ETF $STIP

MLG Wealth Management DBA Pine Grove Financial Group raised its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 61.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,924 shares of the company’s stock after purchasing an additional 7,204 shares during the period. MLG Wealth Management DBA Pine Grove Financial Group’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,933,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kestra Investment Management LLC grew its position in shares of iShares 0-5 Year TIPS Bond ETF by 13.2% in the fourth quarter. Kestra Investment Management LLC now owns 206,700 shares of the company’s stock valued at $21,164,000 after purchasing an additional 24,177 shares during the last quarter. Stadion Money Management LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 43.8% during the 4th quarter. Stadion Money Management LLC now owns 180,229 shares of the company’s stock valued at $18,454,000 after purchasing an additional 54,867 shares during the period. Gould Asset Management LLC CA boosted its stake in iShares 0-5 Year TIPS Bond ETF by 35.3% during the 4th quarter. Gould Asset Management LLC CA now owns 407,264 shares of the company’s stock valued at $41,700,000 after purchasing an additional 106,266 shares during the period. Bridge Generations Wealth Management LLC grew its holdings in iShares 0-5 Year TIPS Bond ETF by 345.9% in the 4th quarter. Bridge Generations Wealth Management LLC now owns 14,894 shares of the company’s stock valued at $1,525,000 after buying an additional 11,554 shares during the last quarter. Finally, Ritholtz Wealth Management increased its position in iShares 0-5 Year TIPS Bond ETF by 6.8% in the 1st quarter. Ritholtz Wealth Management now owns 2,409,803 shares of the company’s stock worth $249,246,000 after buying an additional 153,948 shares during the period.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of STIP stock opened at $100.81 on Tuesday. The stock has a 50 day moving average of $101.04 and a 200-day moving average of $102.42. iShares 0-5 Year TIPS Bond ETF has a 12 month low of $100.53 and a 12 month high of $104.16.

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.