City State Bank Increases Stock Position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

City State Bank boosted its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,773 shares of the company’s stock after acquiring an additional 946 shares during the period. iShares 0-5 Year TIPS Bond ETF accounts for 2.1% of City State Bank’s investment portfolio, making the stock its 11th biggest position. City State Bank owned approximately 0.07% of iShares 0-5 Year TIPS Bond ETF worth $5,854,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC lifted its stake in iShares 0-5 Year TIPS Bond ETF by 5,300.0% in the second quarter. Larson Financial Group LLC now owns 270 shares of the company’s stock worth $27,000 after acquiring an additional 265 shares during the period. IAG Wealth Partners LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 2nd quarter worth about $30,000. Ridgewood Investments LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 2nd quarter valued at about $34,000. Palisade Asset Management LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the first quarter valued at about $35,000. Finally, Gleason Group Inc. bought a new position in iShares 0-5 Year TIPS Bond ETF in the second quarter worth about $46,000.

iShares 0-5 Year TIPS Bond ETF Stock Up 0.1 %

Shares of STIP stock opened at $101.14 on Friday. The business’s fifty day moving average is $100.65 and its 200 day moving average is $99.77. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $96.74 and a twelve month high of $101.52.

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.