JGP Wealth Management LLC Buys Shares of 2,339 iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

JGP Wealth Management LLC bought a new stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,339 shares of the company’s stock, valued at approximately $233,000.

Other institutional investors also recently made changes to their positions in the company. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at approximately $1,803,000. SVB Wealth LLC grew its stake in iShares 0-5 Year TIPS Bond ETF by 49.4% during the 4th quarter. SVB Wealth LLC now owns 20,238 shares of the company’s stock worth $1,995,000 after buying an additional 6,690 shares during the last quarter. CFS Investment Advisory Services LLC grew its stake in iShares 0-5 Year TIPS Bond ETF by 24.3% during the 4th quarter. CFS Investment Advisory Services LLC now owns 32,734 shares of the company’s stock worth $3,227,000 after buying an additional 6,408 shares during the last quarter. First United Bank & Trust bought a new position in iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth $77,000. Finally, TSA Wealth Managment LLC bought a new position in iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth $670,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

STIP traded up $0.05 during trading on Friday, reaching $99.87. 197,935 shares of the company were exchanged, compared to its average volume of 480,787. The firm has a 50 day moving average of $99.39 and a 200 day moving average of $99.18. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $96.27 and a 52 week high of $100.14.

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.