Strategic Financial Concepts LLC Purchases New Holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Strategic Financial Concepts LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,578 shares of the company’s stock, valued at approximately $863,000.

Other hedge funds have also recently bought and sold shares of the company. Pflug Koory LLC raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 534.7% during the fourth quarter. Pflug Koory LLC now owns 476 shares of the company’s stock worth $48,000 after acquiring an additional 401 shares during the last quarter. Ridgewood Investments LLC raised its holdings in iShares 0-5 Year TIPS Bond ETF by 33.0% during the 4th quarter. Ridgewood Investments LLC now owns 818 shares of the company’s stock worth $82,000 after purchasing an additional 203 shares during the last quarter. Peterson Financial Group Inc. bought a new stake in iShares 0-5 Year TIPS Bond ETF during the 3rd quarter worth about $177,000. First United Bank & Trust lifted its position in iShares 0-5 Year TIPS Bond ETF by 19.2% during the 4th quarter. First United Bank & Trust now owns 1,914 shares of the company’s stock valued at $193,000 after purchasing an additional 308 shares during the period. Finally, Coldstream Capital Management Inc. bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at about $200,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

STIP opened at $101.75 on Wednesday. The firm has a 50 day simple moving average of $101.02 and a 200 day simple moving average of $100.83. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $98.49 and a fifty-two week high of $101.85.

About iShares 0-5 Year TIPS Bond ETF

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.