Copperleaf Capital LLC Makes New Investment in iShares 0-5 Year TIPS Bond ETF $STIP

Copperleaf Capital LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the third quarter, HoldingsChannel reports. The institutional investor purchased 8,004 shares of the company’s stock, valued at approximately $827,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of iShares 0-5 Year TIPS Bond ETF by 356.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,245,078 shares of the company’s stock valued at $333,946,000 after acquiring an additional 2,533,763 shares during the period. Modera Wealth Management LLC lifted its position in iShares 0-5 Year TIPS Bond ETF by 3.6% during the 2nd quarter. Modera Wealth Management LLC now owns 2,027,657 shares of the company’s stock worth $208,666,000 after acquiring an additional 70,170 shares during the period. Ritholtz Wealth Management grew its stake in iShares 0-5 Year TIPS Bond ETF by 13.9% during the 2nd quarter. Ritholtz Wealth Management now owns 2,024,720 shares of the company’s stock valued at $208,364,000 after purchasing an additional 247,269 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 71.1% in the second quarter. Bank of America Corp DE now owns 1,615,034 shares of the company’s stock valued at $166,203,000 after purchasing an additional 671,145 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 34.1% in the second quarter. JPMorgan Chase & Co. now owns 1,543,492 shares of the company’s stock valued at $158,841,000 after purchasing an additional 392,850 shares during the period.

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

iShares 0-5 Year TIPS Bond ETF stock opened at $102.45 on Friday. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $100.99 and a 52 week high of $103.93. The stock has a 50-day moving average price of $102.66 and a 200 day moving average price of $102.99.

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.