Estate Counselors LLC Invests $6.05 Million in iShares 0-5 Year TIPS Bond ETF $STIP

Estate Counselors LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) during the 1st quarter, Holdings Channel.com reports. The fund acquired 58,525 shares of the company’s stock, valued at approximately $6,053,000. iShares 0-5 Year TIPS Bond ETF comprises approximately 0.5% of Estate Counselors LLC’s holdings, making the stock its 26th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Adventist Health System Sunbelt Healthcare Corp increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 113.7% during the first quarter. Adventist Health System Sunbelt Healthcare Corp now owns 1,560,200 shares of the company’s stock valued at $161,371,000 after purchasing an additional 830,200 shares in the last quarter. Bank of America Corp DE boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 71.1% in the 2nd quarter. Bank of America Corp DE now owns 1,615,034 shares of the company’s stock worth $166,203,000 after purchasing an additional 671,145 shares in the last quarter. Beacon Pointe Advisors LLC boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 190.8% in the 4th quarter. Beacon Pointe Advisors LLC now owns 556,671 shares of the company’s stock worth $56,997,000 after purchasing an additional 365,234 shares in the last quarter. SB Capital Management Inc purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth approximately $36,983,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 155.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 503,045 shares of the company’s stock worth $51,995,000 after buying an additional 305,961 shares during the last quarter.

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

STIP stock opened at $101.11 on Tuesday. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $101.10 and a twelve month high of $104.16. The business has a 50 day moving average of $102.09 and a 200 day moving average of $102.81.

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.