Canandaigua National Bank & Trust Co. Acquires New Shares in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Canandaigua National Bank & Trust Co. purchased a new position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,292 shares of the company’s stock, valued at approximately $1,853,000.

Several other institutional investors and hedge funds also recently modified their holdings of STIP. Norden Group LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 328.7% during the first quarter. Norden Group LLC now owns 9,485,856 shares of the company’s stock worth $943,179,000 after purchasing an additional 7,273,167 shares during the period. Modera Wealth Management LLC boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 6.8% during the 2nd quarter. Modera Wealth Management LLC now owns 1,710,158 shares of the company’s stock valued at $170,144,000 after acquiring an additional 109,366 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 3.8% during the 2nd quarter. Ritholtz Wealth Management now owns 1,428,505 shares of the company’s stock valued at $142,122,000 after acquiring an additional 52,456 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in iShares 0-5 Year TIPS Bond ETF by 6.2% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 807,384 shares of the company’s stock worth $80,327,000 after buying an additional 47,113 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in iShares 0-5 Year TIPS Bond ETF by 19.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 716,221 shares of the company’s stock worth $71,214,000 after buying an additional 117,423 shares during the period.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of STIP stock traded down $0.36 during mid-day trading on Friday, hitting $100.88. The company’s stock had a trading volume of 329,329 shares, compared to its average volume of 461,508. The company’s fifty day simple moving average is $100.54 and its 200-day simple moving average is $99.71. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $96.27 and a 52 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.