Fairway Wealth LLC Acquires 3,419 Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Fairway Wealth LLC lifted its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 22.8% during the 4th quarter, Holdings Channel reports. The firm owned 18,403 shares of the company’s stock after acquiring an additional 3,419 shares during the period. iShares 0-5 Year TIPS Bond ETF makes up 0.7% of Fairway Wealth LLC’s holdings, making the stock its 21st biggest holding. Fairway Wealth LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,851,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in STIP. SoundView Advisors Inc. acquired a new position in iShares 0-5 Year TIPS Bond ETF during the fourth quarter valued at approximately $16,751,000. Independent Advisor Alliance bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $471,000. NBT Bank N A NY grew its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 14.5% in the 4th quarter. NBT Bank N A NY now owns 86,286 shares of the company’s stock valued at $8,680,000 after buying an additional 10,928 shares during the period. Bell Investment Advisors Inc increased its position in shares of iShares 0-5 Year TIPS Bond ETF by 6.4% in the 4th quarter. Bell Investment Advisors Inc now owns 20,625 shares of the company’s stock valued at $2,075,000 after buying an additional 1,238 shares in the last quarter. Finally, Sowell Financial Services LLC raised its stake in iShares 0-5 Year TIPS Bond ETF by 3.9% during the 4th quarter. Sowell Financial Services LLC now owns 10,810 shares of the company’s stock worth $1,088,000 after buying an additional 407 shares during the period.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $102.64 on Tuesday. The business has a 50-day moving average of $101.48 and a two-hundred day moving average of $101.04. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $98.53 and a 1 year high of $102.90.

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.