First PREMIER Bank Boosts Stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

First PREMIER Bank lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,279 shares of the company’s stock after buying an additional 134 shares during the period. First PREMIER Bank’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,336,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in STIP. Ridgewood Investments LLC raised its stake in iShares 0-5 Year TIPS Bond ETF by 33.0% in the 4th quarter. Ridgewood Investments LLC now owns 818 shares of the company’s stock worth $82,000 after acquiring an additional 203 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the third quarter valued at about $177,000. First United Bank & Trust raised 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 worth $193,000 after purchasing an additional 308 shares during the last quarter. Coldstream Capital Management Inc. acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the third quarter worth about $200,000. Finally, CWA Asset Management Group LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the third quarter valued at approximately $204,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

STIP opened at $101.04 on Thursday. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $98.36 and a 12-month high of $101.52. The firm has a 50 day moving average of $100.77 and a two-hundred day moving average of $100.56.

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.