GWM Advisors LLC Makes New $370,000 Investment in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

view original post

GWM Advisors LLC acquired a new stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,499 shares of the company’s stock, valued at approximately $370,000.

Other large investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at approximately $25,000. Clearstead Advisors LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at $50,000. Asset Dedication LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at $63,000. JPMorgan Chase & Co. grew its position in shares of iShares 0-5 Year TIPS Bond ETF by 121.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 650 shares of the company’s stock valued at $69,000 after buying an additional 357 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at $75,000.

NYSEARCA STIP opened at $105.58 on Monday. The firm’s fifty day moving average price is $106.08 and its 200 day moving average price is $106.04. iShares 0-5 Year TIPS Bond ETF has a 12 month low of $104.25 and a 12 month high of $107.15.

Recommended Story: How dollar cost averaging works

Want More Great Investing Ideas?