Modera Wealth Management LLC Boosts Stake in iShares 0-5 Year TIPS Bond ETF $STIP

Modera Wealth Management LLC grew its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 3.6% in the second quarter, HoldingsChannel.com reports. The fund owned 2,027,657 shares of the company’s stock after acquiring an additional 70,170 shares during the quarter. iShares 0-5 Year TIPS Bond ETF comprises about 2.6% of Modera Wealth Management LLC’s investment portfolio, making the stock its 6th biggest position. Modera Wealth Management LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $208,666,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of STIP. Regimen Wealth LLC grew its stake in iShares 0-5 Year TIPS Bond ETF by 17.1% during the second quarter. Regimen Wealth LLC now owns 3,109 shares of the company’s stock worth $320,000 after buying an additional 453 shares in the last quarter. DDFG Inc bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 2nd quarter worth approximately $16,999,000. Ethos Financial Group LLC boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 43.6% during the 2nd quarter. Ethos Financial Group LLC now owns 117,700 shares of the company’s stock worth $12,113,000 after acquiring an additional 35,757 shares in the last quarter. Stone House Investment Management LLC increased its stake in iShares 0-5 Year TIPS Bond ETF by 1,396.7% in the second quarter. Stone House Investment Management LLC now owns 7,753 shares of the company’s stock valued at $798,000 after acquiring an additional 7,235 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in iShares 0-5 Year TIPS Bond ETF by 11.9% during the second quarter. First Horizon Advisors Inc. now owns 80,812 shares of the company’s stock valued at $8,316,000 after purchasing an additional 8,620 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA STIP opened at $102.81 on Friday. The business has a fifty day moving average price of $103.37 and a two-hundred day moving average price of $102.96. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $100.13 and a fifty-two week high of $103.93.

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.