Canal Capital Management LLC Makes New Investment in iShares 0-5 Year TIPS Bond ETF $STIP

Canal Capital Management LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the 1st quarter, Holdings Channel reports. The firm purchased 82,970 shares of the company’s stock, valued at approximately $8,582,000. iShares 0-5 Year TIPS Bond ETF makes up approximately 1.2% of Canal Capital Management LLC’s investment portfolio, making the stock its 24th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of STIP. BIP Wealth LLC raised its holdings in iShares 0-5 Year TIPS Bond ETF by 4.9% in the 4th quarter. BIP Wealth LLC now owns 146,607 shares of the company’s stock valued at $15,011,000 after buying an additional 6,861 shares during the last quarter. Maseco LLP increased its position in iShares 0-5 Year TIPS Bond ETF by 6.7% in the 4th quarter. Maseco LLP now owns 733,508 shares of the company’s stock valued at $75,100,000 after acquiring an additional 46,249 shares during the period. Investment Partners Asset Management Inc. raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 35.7% during the fourth quarter. Investment Partners Asset Management Inc. now owns 26,606 shares of the company’s stock valued at $2,724,000 after acquiring an additional 6,996 shares during the last quarter. Brooklyn FI LLC grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 27.7% in the fourth quarter. Brooklyn FI LLC now owns 34,664 shares of the company’s stock worth $3,549,000 after purchasing an additional 7,529 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 66.1% in the fourth quarter. Farther Finance Advisors LLC now owns 738,524 shares of the company’s stock worth $75,618,000 after purchasing an additional 293,986 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA STIP opened at $101.23 on Friday. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $101.11 and a twelve month high of $104.16. The stock has a fifty day simple moving average of $102.87 and a 200 day simple moving average of $102.93.

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.