CGN Advisors LLC Buys 5,721 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

CGN Advisors LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 40.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,703 shares of the company’s stock after acquiring an additional 5,721 shares during the period. CGN Advisors LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $2,036,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of STIP. Raymond James Financial Inc. lifted its stake in iShares 0-5 Year TIPS Bond ETF by 21.5% in the first quarter. Raymond James Financial Inc. now owns 488,546 shares of the company’s stock valued at $50,550,000 after acquiring an additional 86,525 shares during the last quarter. Capital Analysts LLC raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 24.0% in the 1st quarter. Capital Analysts LLC now owns 1,631 shares of the company’s stock valued at $169,000 after purchasing an additional 316 shares during the period. Summit Financial LLC lifted its stake in iShares 0-5 Year TIPS Bond ETF by 16.9% in the 1st quarter. Summit Financial LLC now owns 6,048 shares of the company’s stock valued at $626,000 after purchasing an additional 873 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in iShares 0-5 Year TIPS Bond ETF by 11.4% during the first quarter. Ameriprise Financial Inc. now owns 585,501 shares of the company’s stock worth $60,578,000 after purchasing an additional 59,857 shares during the period. Finally, Haverford Trust Co increased its position in iShares 0-5 Year TIPS Bond ETF by 3.0% during the first quarter. Haverford Trust Co now owns 610,484 shares of the company’s stock worth $63,167,000 after buying an additional 17,695 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA:STIP opened at $102.32 on Friday. The stock’s 50 day moving average price is $102.98 and its two-hundred day moving average price is $102.99. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $100.29 and a 12-month high of $103.93.

iShares 0-5 Year TIPS Bond ETF Company 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.