Sovereign Financial Group Inc. Purchases 732 Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Sovereign Financial Group Inc. grew its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 21.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,157 shares of the company’s stock after buying an additional 732 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $418,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of STIP. Ridgewood Investments LLC boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 33.0% in the 4th quarter. Ridgewood Investments LLC now owns 818 shares of the company’s stock valued at $82,000 after buying an additional 203 shares in the last quarter. Peterson Financial Group Inc. bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at about $177,000. Coldstream Capital Management Inc. bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at about $200,000. CWA Asset Management Group LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at about $204,000. Finally, W.H. Cornerstone Investments Inc. bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at about $205,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA:STIP opened at $101.08 on Thursday. The company’s 50-day simple moving average is $100.72 and its 200-day simple moving average is $100.49. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $98.36 and a fifty-two week high of $101.52.

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.