Ares Financial Consulting LLC Buys Shares of 38,938 iShares 0-5 Year TIPS Bond ETF $STIP

Ares Financial Consulting LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 38,938 shares of the company’s stock, valued at approximately $3,987,000. iShares 0-5 Year TIPS Bond ETF accounts for 3.7% of Ares Financial Consulting LLC’s holdings, making the stock its 6th largest position.

A number of other institutional investors also recently modified their holdings of STIP. Rossmore Private Capital acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 3rd quarter valued at $26,000. Chapman Financial Group LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 2nd quarter valued at $26,000. Avalon Trust Co acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 3rd quarter valued at $41,000. Rice Partnership LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 3rd quarter valued at $42,000. Finally, Semmax Financial Advisors Inc. acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 2nd quarter valued at $43,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of NYSEARCA:STIP opened at $104.12 on Tuesday. The firm has a fifty day moving average of $103.37 and a two-hundred day moving average of $103.01. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $101.98 and a 12-month high of $104.16.

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.