Sequoia Financial Advisors LLC Increases Holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Sequoia Financial Advisors LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 22.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,061 shares of the company’s stock after buying an additional 1,314 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $731,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in STIP. Transce3nd LLC acquired a new stake in iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $25,000. Knuff & Co LLC acquired a new stake in iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $26,000. Chapman Financial Group LLC acquired a new stake in iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $33,000. Ameriflex Group Inc. acquired a new stake in iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $58,000. Finally, Headlands Technologies LLC acquired a new stake in iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $62,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

STIP stock opened at $102.45 on Wednesday. The business has a fifty day moving average of $102.54 and a two-hundred day moving average of $102.08. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $99.05 and a 52-week high of $103.61.

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.