Flputnam Investment Management Co. Increases Stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Flputnam Investment Management Co. grew its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 55.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 705,873 shares of the company’s stock after purchasing an additional 251,606 shares during the quarter. iShares 0-5 Year TIPS Bond ETF accounts for 1.3% of Flputnam Investment Management Co.’s holdings, making the stock its 14th largest position. Flputnam Investment Management Co.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $71,011,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Dynasty Wealth Management LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth about $44,239,000. New York Life Investment Management LLC increased its stake in iShares 0-5 Year TIPS Bond ETF by 91.6% in the 4th quarter. New York Life Investment Management LLC now owns 332,198 shares of the company’s stock worth $33,419,000 after acquiring an additional 158,818 shares during the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth approximately $52,000. Portland Financial Advisors Inc bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at approximately $2,052,000. Finally, IFP Advisors Inc grew its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 176.4% in the fourth quarter. IFP Advisors Inc now owns 7,388 shares of the company’s stock valued at $743,000 after purchasing an additional 4,715 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of STIP opened at $102.72 on Friday. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $98.53 and a fifty-two week high of $102.72. The company’s fifty day moving average is $101.22 and its 200 day moving average is $100.93.

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.