Austin Asset Management Co Inc Boosts Stock Position in iShares 0-5 Year TIPS Bond ETF $STIP

Austin Asset Management Co Inc increased its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 7.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 310,550 shares of the company’s stock after buying an additional 20,464 shares during the period. iShares 0-5 Year TIPS Bond ETF comprises approximately 5.4% of Austin Asset Management Co Inc’s holdings, making the stock its 5th largest holding. Austin Asset Management Co Inc owned about 0.22% of iShares 0-5 Year TIPS Bond ETF worth $32,120,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Montag A & Associates Inc. increased its position in iShares 0-5 Year TIPS Bond ETF by 7.7% during the 1st quarter. Montag A & Associates Inc. now owns 15,613 shares of the company’s stock valued at $1,615,000 after purchasing an additional 1,115 shares during the period. United Asset Strategies Inc. lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 1.8% in the 1st quarter. United Asset Strategies Inc. now owns 6,594 shares of the company’s stock worth $682,000 after purchasing an additional 119 shares during the period. Fischer Financial Services Inc. lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 1.7% in the 1st quarter. Fischer Financial Services Inc. now owns 59,062 shares of the company’s stock worth $6,109,000 after purchasing an additional 970 shares during the period. Arbor Investment Advisors LLC lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 6.3% in the 1st quarter. Arbor Investment Advisors LLC now owns 6,831 shares of the company’s stock worth $706,000 after purchasing an additional 405 shares during the period. Finally, Whittier Trust Co. boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 39.8% during the first quarter. Whittier Trust Co. now owns 18,442 shares of the company’s stock valued at $1,906,000 after purchasing an additional 5,250 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of STIP stock opened at $101.35 on Thursday. The company’s 50 day moving average is $102.71 and its 200 day moving average is $102.91. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $101.11 and a 52-week high of $104.16.

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.