iShares 0-5 Year TIPS Bond ETF $STIP Stock: Tortoise Investment Management LLC Lowers Stake

Tortoise Investment Management LLC cut its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 14.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 766,483 shares of the company’s stock after selling 134,504 shares during the period. iShares 0-5 Year TIPS Bond ETF accounts for approximately 5.7% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 2nd largest holding. Tortoise Investment Management LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $76,418,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Raleigh Capital Management Inc. boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 257.1% during the third quarter. Raleigh Capital Management Inc. now owns 250 shares of the company’s stock valued at $25,000 after acquiring an additional 180 shares during the period. Jacobi Capital Management LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 3rd quarter worth about $26,000. Beacon Financial Strategies CORP acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 2nd quarter worth about $38,000. Retirement Wealth Solutions LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 197.6% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 372 shares of the company’s stock worth $38,000 after acquiring an additional 247 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 3rd quarter worth about $50,000.

iShares 0-5 Year TIPS Bond ETF Trading Down 0.1%

Shares of NYSEARCA:STIP opened at $99.95 on Friday. The company’s 50-day moving average price is $100.32 and its 200 day moving average price is $101.95. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $99.56 and a fifty-two week high of $104.16.

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.