Clune & Associates LTD. Takes $528,000 Position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Clune & Associates LTD. purchased a new stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,246 shares of the company’s stock, valued at approximately $528,000.

Other hedge funds have also made changes to their positions in the company. Knuff & Co LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at approximately $26,000. Pflug Koory LLC grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 534.7% in the 4th quarter. Pflug Koory LLC now owns 476 shares of the company’s stock valued at $48,000 after buying an additional 401 shares during the period. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth approximately $52,000. Atala Financial Inc acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth approximately $70,000. Finally, Providence First Trust Co acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth approximately $75,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of STIP stock opened at $102.89 on Monday. The firm’s 50 day moving average price is $101.88 and its 200-day moving average price is $101.20. iShares 0-5 Year TIPS Bond ETF has a one year low of $98.53 and a one year high of $102.98.

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.