iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Shares Purchased by Matrix Trust Co

Matrix Trust Co raised its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 64.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,128 shares of the company’s stock after buying an additional 441 shares during the quarter. Matrix Trust Co’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $111,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in STIP. North Star Investment Management Corp. lifted its stake in iShares 0-5 Year TIPS Bond ETF by 153.0% in the fourth quarter. North Star Investment Management Corp. now owns 253 shares of the company’s stock valued at $25,000 after buying an additional 153 shares during the last quarter. Farmers & Merchants Investments Inc. bought a new stake in iShares 0-5 Year TIPS Bond ETF in the third quarter valued at $26,000. Delos Wealth Advisors LLC bought a new stake in iShares 0-5 Year TIPS Bond ETF in the third quarter valued at $29,000. Tennessee Valley Asset Management Partners bought a new stake in iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at $30,000. Finally, Sound Income Strategies LLC lifted its stake in iShares 0-5 Year TIPS Bond ETF by 245.7% in the fourth quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock valued at $36,000 after buying an additional 258 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

STIP stock traded up $0.03 during mid-day trading on Friday, reaching $99.20. The company had a trading volume of 279,121 shares, compared to its average volume of 537,963. iShares 0-5 Year TIPS Bond ETF has a one year low of $96.27 and a one year high of $99.52. The stock’s 50-day simple moving average is $99.12 and its two-hundred day simple moving average is $98.35.

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.