Modern Wealth Management LLC Trims Stake in iShares 0-5 Year TIPS Bond ETF $STIP

Modern Wealth Management LLC decreased its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 1.5% in the second quarter, Holdings Channel.com reports. The firm owned 613,930 shares of the company’s stock after selling 9,061 shares during the quarter. iShares 0-5 Year TIPS Bond ETF comprises approximately 1.6% of Modern Wealth Management LLC’s investment portfolio, making the stock its 11th largest position. Modern Wealth Management LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $63,180,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Adams Wealth Management raised its stake in iShares 0-5 Year TIPS Bond ETF by 2.8% during the first quarter. Adams Wealth Management now owns 3,766 shares of the company’s stock valued at $390,000 after buying an additional 102 shares during the last quarter. CacheTech Inc. lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 2.8% during the 1st quarter. CacheTech Inc. now owns 3,766 shares of the company’s stock valued at $390,000 after buying an additional 102 shares during the period. Kings Path Partners LLC grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 14.4% during the 2nd quarter. Kings Path Partners LLC now owns 872 shares of the company’s stock valued at $90,000 after purchasing an additional 110 shares during the period. Avant Financial Advisors LLC increased its holdings in iShares 0-5 Year TIPS Bond ETF by 2.3% during the second quarter. Avant Financial Advisors LLC now owns 5,244 shares of the company’s stock valued at $540,000 after buying an additional 119 shares during the last quarter. Finally, Successful Portfolios LLC grew its position in shares of iShares 0-5 Year TIPS Bond ETF by 0.8% during the 2nd quarter. Successful Portfolios LLC now owns 15,244 shares of the company’s stock valued at $1,569,000 after acquiring an additional 121 shares during the period.

iShares 0-5 Year TIPS Bond ETF Trading Down 0.0%

Shares of STIP stock opened at $102.64 on Friday. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $100.13 and a 52-week high of $103.93. The stock has a fifty day simple moving average of $103.05 and a two-hundred day simple moving average of $102.98.

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.