iShares 0-5 Year TIPS Bond ETF $STIP Shares Bought by Royal Bank of Canada

Royal Bank of Canada increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 21.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 223,220 shares of the company’s stock after buying an additional 40,052 shares during the period. Royal Bank of Canada owned about 0.19% of iShares 0-5 Year TIPS Bond ETF worth $23,097,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC increased its stake in iShares 0-5 Year TIPS Bond ETF by 34.0% during the 1st quarter. Capital Investment Advisory Services LLC now owns 382 shares of the company’s stock worth $40,000 after buying an additional 97 shares during the period. Adams Wealth Management increased its stake in iShares 0-5 Year TIPS Bond ETF by 2.8% during the 1st quarter. Adams Wealth Management now owns 3,766 shares of the company’s stock worth $390,000 after buying an additional 102 shares during the period. CacheTech Inc. increased its stake in iShares 0-5 Year TIPS Bond ETF by 2.8% during the 1st quarter. CacheTech Inc. now owns 3,766 shares of the company’s stock worth $390,000 after buying an additional 102 shares during the period. Breakwater Investment Management increased its stake in iShares 0-5 Year TIPS Bond ETF by 0.9% during the 1st quarter. Breakwater Investment Management now owns 12,003 shares of the company’s stock worth $1,242,000 after buying an additional 110 shares during the period. Finally, Passive Capital Management LLC. increased its stake in iShares 0-5 Year TIPS Bond ETF by 0.5% during the 1st quarter. Passive Capital Management LLC. now owns 31,592 shares of the company’s stock worth $3,269,000 after buying an additional 145 shares during the period.

iShares 0-5 Year TIPS Bond ETF Stock Up 0.1%

Shares of STIP opened at $103.59 on Tuesday. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $100.13 and a fifty-two week high of $103.93. The firm’s 50 day moving average price is $103.04 and its 200 day moving average price is $102.76.

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.