Acorn Financial Advisory Services Inc. ADV Raises Stock Holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Acorn Financial Advisory Services Inc. ADV boosted its holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 1.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,951 shares of the company’s stock after purchasing an additional 124 shares during the period. Acorn Financial Advisory Services Inc. ADV’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $692,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ICA Group Wealth Management LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at about $25,000. Edmond DE Rothschild Holding S.A. bought a new position in iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth approximately $30,000. IAG Wealth Partners LLC bought a new position in iShares 0-5 Year TIPS Bond ETF during the 2nd quarter worth approximately $30,000. Ridgewood Investments LLC bought a new position in iShares 0-5 Year TIPS Bond ETF during the 2nd quarter worth approximately $34,000. Finally, Palisade Asset Management LLC bought a new position in iShares 0-5 Year TIPS Bond ETF during the 1st quarter worth approximately $35,000.

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

NYSEARCA:STIP opened at $100.37 on Tuesday. The business’s 50 day moving average is $99.75 and its two-hundred day moving average is $99.36. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $96.27 and a 52 week high of $100.55.

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.