Sovereign Financial Group Inc. Boosts Position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Sovereign Financial Group Inc. increased its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 21.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,157 shares of the company’s stock after buying an additional 732 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $418,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in iShares 0-5 Year TIPS Bond ETF by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 512,440 shares of the company’s stock worth $51,920,000 after buying an additional 6,480 shares during the period. Blair William & Co. IL grew its holdings in iShares 0-5 Year TIPS Bond ETF by 4.3% during the 2nd quarter. Blair William & Co. IL now owns 64,236 shares of the company’s stock worth $6,391,000 after acquiring an additional 2,668 shares in the last quarter. IHT Wealth Management LLC grew its holdings in iShares 0-5 Year TIPS Bond ETF by 79.3% during the 3rd quarter. IHT Wealth Management LLC now owns 15,932 shares of the company’s stock worth $1,615,000 after acquiring an additional 7,048 shares in the last quarter. ProVise Management Group LLC grew its holdings in iShares 0-5 Year TIPS Bond ETF by 5.8% during the 2nd quarter. ProVise Management Group LLC now owns 171,938 shares of the company’s stock worth $17,106,000 after acquiring an additional 9,387 shares in the last quarter. Finally, Greenline Partners LLC grew its holdings in iShares 0-5 Year TIPS Bond ETF by 2.6% during the 2nd quarter. Greenline Partners LLC now owns 213,550 shares of the company’s stock worth $21,139,000 after acquiring an additional 5,408 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Trading Up 0.3 %

Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $101.08 on Thursday. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $98.36 and a 1 year high of $101.52. The firm’s 50-day moving average is $100.72 and its two-hundred day moving average is $100.49.

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.