Cornerstone Financial Group LLC NE Acquires 4,989 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

Cornerstone Financial Group LLC NE lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 10.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,243 shares of the company’s stock after purchasing an additional 4,989 shares during the quarter. iShares 0-5 Year TIPS Bond ETF makes up about 3.9% of Cornerstone Financial Group LLC NE’s holdings, making the stock its 8th biggest position. Cornerstone Financial Group LLC NE’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $5,554,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in iShares 0-5 Year TIPS Bond ETF by 39.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 436 shares of the company’s stock valued at $45,000 after buying an additional 123 shares during the last quarter. State Street Corp grew its stake in iShares 0-5 Year TIPS Bond ETF by 0.5% in the 2nd quarter. State Street Corp now owns 641,945 shares of the company’s stock valued at $66,063,000 after buying an additional 3,063 shares during the last quarter. Vivaldi Capital Management LP acquired a new position in iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at $285,000. Diversify Advisory Services LLC grew its stake in iShares 0-5 Year TIPS Bond ETF by 14.6% in the 2nd quarter. Diversify Advisory Services LLC now owns 6,496 shares of the company’s stock valued at $669,000 after buying an additional 830 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in 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 valued at $62,760,000 after buying an additional 121,311 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Trading Up 0.0%

NYSEARCA:STIP opened at $102.33 on Wednesday. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $101.98 and a 1 year high of $104.16. The firm’s fifty day simple moving average is $103.42 and its 200 day simple moving average is $103.04.

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.