NewEdge Wealth LLC Buys 1,840 Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

NewEdge Wealth LLC grew its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 52.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,340 shares of the company’s stock after purchasing an additional 1,840 shares during the period. NewEdge Wealth LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jane Street Group LLC increased its holdings in iShares 0-5 Year TIPS Bond ETF by 191.8% in the 4th quarter. Jane Street Group LLC now owns 6,548,745 shares of the company’s stock worth $634,966,000 after purchasing an additional 4,304,421 shares in the last quarter. BlackRock Inc. increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 207.9% in the first quarter. BlackRock Inc. now owns 2,293,877 shares of the company’s stock valued at $240,720,000 after buying an additional 1,548,838 shares during the period. Financial Gravity Asset Management Inc. raised its holdings in iShares 0-5 Year TIPS Bond ETF by 2,326.3% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 1,677,104 shares of the company’s stock valued at $180,182,000 after buying an additional 1,607,982 shares during the last quarter. Ritholtz Wealth Management boosted its position in iShares 0-5 Year TIPS Bond ETF by 11.0% during the 4th quarter. Ritholtz Wealth Management now owns 1,259,063 shares of the company’s stock worth $124,131,000 after buying an additional 124,715 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in iShares 0-5 Year TIPS Bond ETF by 8.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,178,601 shares of the company’s stock worth $114,230,000 after acquiring an additional 95,493 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of NYSEARCA STIP opened at $99.13 on Wednesday. The firm has a 50 day moving average price of $99.02 and a two-hundred day moving average price of $98.24. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $96.27 and a 52-week high of $99.52.

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.