Patriot Investment Management Group Inc. Has $789,000 Position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Patriot Investment Management Group Inc. lifted its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 11.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,847 shares of the company’s stock after buying an additional 833 shares during the period. Patriot Investment Management Group Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $789,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in STIP. Prism Advisors Inc. grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 3.6% in the third quarter. Prism Advisors Inc. now owns 3,231 shares of the company’s stock valued at $327,000 after buying an additional 111 shares in the last quarter. First PREMIER Bank grew its position in shares of iShares 0-5 Year TIPS Bond ETF by 1.0% in the 4th quarter. First PREMIER Bank now owns 13,279 shares of the company’s stock valued at $1,336,000 after acquiring an additional 134 shares during the period. Physician Wealth Advisors Inc. increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 0.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 29,597 shares of the company’s stock worth $2,990,000 after purchasing an additional 141 shares during the last quarter. Capasso Planning Partners LLC lifted its stake in iShares 0-5 Year TIPS Bond ETF by 0.9% in the 3rd quarter. Capasso Planning Partners LLC now owns 15,127 shares of the company’s stock valued at $1,533,000 after purchasing an additional 142 shares during the last quarter. Finally, FC Advisory LLC boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 3.1% during the 4th quarter. FC Advisory LLC now owns 4,928 shares of the company’s stock worth $496,000 after acquiring an additional 147 shares during the period.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of STIP opened at $101.13 on Friday. The company’s 50-day moving average is $100.78 and its 200-day moving average is $100.56. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $98.36 and a fifty-two week high of $101.52.

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.