Hershey Financial Advisers LLC Buys Shares of 37,673 iShares 0-5 Year TIPS Bond ETF $STIP

Hershey Financial Advisers LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 37,673 shares of the company’s stock, valued at approximately $3,897,000. iShares 0-5 Year TIPS Bond ETF accounts for about 3.4% of Hershey Financial Advisers LLC’s portfolio, making the stock its 5th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its stake in iShares 0-5 Year TIPS Bond ETF by 39.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 436 shares of the company’s stock worth $45,000 after buying an additional 123 shares during the last quarter. State Street Corp boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 0.5% during the second quarter. State Street Corp now owns 641,945 shares of the company’s stock valued at $66,063,000 after acquiring an additional 3,063 shares during the period. Vivaldi Capital Management LP acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF during the second quarter valued at $285,000. Diversify Advisory Services LLC grew its position in shares of iShares 0-5 Year TIPS Bond ETF by 14.6% during the second quarter. Diversify Advisory Services LLC now owns 6,496 shares of the company’s stock worth $669,000 after acquiring an additional 830 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 24.8% in the 2nd quarter. Raymond James Financial Inc. now owns 609,857 shares of the company’s stock worth $62,760,000 after acquiring an additional 121,311 shares during the period.

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

Shares of NYSEARCA:STIP opened at $101.44 on Friday. The company’s 50-day moving average price is $102.37 and its 200 day moving average price is $102.86. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $101.11 and a fifty-two week high of $104.16.

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.