Amara Financial LLC. Invests $931,000 in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Amara Financial LLC. purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,188 shares of the company’s stock, valued at approximately $931,000. iShares 0-5 Year TIPS Bond ETF makes up 0.9% of Amara Financial LLC.’s portfolio, making the stock its 17th largest position.

A number of other hedge funds have also added to or reduced their stakes in STIP. Fortis Advisors LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 0.6% in the third quarter. Fortis Advisors LLC now owns 24,866 shares of the company’s stock valued at $2,519,000 after buying an additional 160 shares in the last quarter. Chesapeake Capital Corp IL boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 30,299 shares of the company’s stock valued at $3,072,000 after purchasing an additional 6,610 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at approximately $177,000. Heritage Investment Group Inc. grew its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 5.2% during the 3rd quarter. Heritage Investment Group Inc. now owns 14,807 shares of the company’s stock valued at $1,500,000 after purchasing an additional 731 shares during the last quarter. Finally, Empowered Funds LLC increased its position in iShares 0-5 Year TIPS Bond ETF by 3.0% during the 3rd quarter. Empowered Funds LLC now owns 230,414 shares of the company’s stock worth $23,332,000 after purchasing an additional 6,660 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $100.74 on Tuesday. The company’s 50 day moving average price is $100.94 and its two-hundred day moving average price is $100.05. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $97.28 and a fifty-two week high of $101.52.

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.