Modern Wealth Management LLC Sells 9,061 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

Modern Wealth Management LLC trimmed its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 613,930 shares of the company’s stock after selling 9,061 shares during the period. iShares 0-5 Year TIPS Bond ETF comprises approximately 1.6% of Modern Wealth Management LLC’s investment portfolio, making the stock its 11th biggest position. Modern Wealth Management LLC owned approximately 0.51% of iShares 0-5 Year TIPS Bond ETF worth $63,180,000 as of its most recent SEC filing.

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

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of NYSEARCA STIP opened at $102.64 on Friday. The stock’s 50-day simple moving average is $103.05 and its two-hundred day simple moving average is $102.98. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $100.13 and a twelve month high of $103.93.

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.