Montecito Bank & Trust Makes New $523,000 Investment in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Montecito Bank & Trust bought a new position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,200 shares of the company’s stock, valued at approximately $523,000.

A number of other institutional investors also recently modified their holdings of STIP. Ridgewood Investments LLC lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 33.0% during the 4th quarter. Ridgewood Investments LLC now owns 818 shares of the company’s stock valued at $82,000 after acquiring an additional 203 shares during the period. Peterson Financial Group Inc. bought a new stake in iShares 0-5 Year TIPS Bond ETF during the third quarter worth about $177,000. First United Bank & Trust grew its stake in iShares 0-5 Year TIPS Bond ETF by 19.2% during the fourth quarter. First United Bank & Trust now owns 1,914 shares of the company’s stock worth $193,000 after buying an additional 308 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at about $200,000. Finally, CWA Asset Management Group LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at approximately $204,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA STIP opened at $101.20 on Friday. The business has a fifty day moving average price of $100.79 and a two-hundred day moving average price of $100.58. 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.

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.