Sowell Financial Services LLC Purchases 407 Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Sowell Financial Services LLC lifted its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 3.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,810 shares of the company’s stock after buying an additional 407 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,088,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of STIP. JPMorgan Chase & Co. raised its stake in iShares 0-5 Year TIPS Bond ETF by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 512,440 shares of the company’s stock worth $51,920,000 after purchasing an additional 6,480 shares in the last quarter. IHT Wealth Management LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 79.3% during the third quarter. IHT Wealth Management LLC now owns 15,932 shares of the company’s stock worth $1,615,000 after purchasing an additional 7,048 shares during the period. Principal Financial Group Inc. raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 60.9% in the fourth quarter. Principal Financial Group Inc. now owns 16,445 shares of the company’s stock valued at $1,654,000 after buying an additional 6,225 shares in the last quarter. First United Bank & Trust boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 19.2% in the fourth quarter. First United Bank & Trust now owns 1,914 shares of the company’s stock valued at $193,000 after buying an additional 308 shares during the period. Finally, Integrated Wealth Concepts LLC grew its position in iShares 0-5 Year TIPS Bond ETF by 99.6% during the third quarter. Integrated Wealth Concepts LLC now owns 199,270 shares of the company’s stock worth $20,190,000 after buying an additional 99,455 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

iShares 0-5 Year TIPS Bond ETF stock opened at $102.64 on Tuesday. The stock’s fifty day moving average price is $101.48 and its two-hundred day moving average price is $101.04. iShares 0-5 Year TIPS Bond ETF has a one year low of $98.53 and a one year high of $102.90.

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.