Modern Wealth Management LLC lessened its holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) by 19.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 351,679 shares of the company’s stock after selling 85,005 shares during the period. Modern Wealth Management LLC owned about 0.24% of iShares 0-5 Year TIPS Bond ETF worth $36,265,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Chapman Financial Group LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 2nd quarter worth approximately $26,000. IFC & Insurance Marketing Inc. purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at approximately $27,000. Caldwell Trust Co acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at $29,000. Kingdom Financial Group LLC. acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at $29,000. Finally, Torren Management LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth $41,000.
iShares 0-5 Year TIPS Bond ETF Price Performance
Shares of NYSEARCA STIP opened at $101.21 on Friday. The firm has a fifty day moving average of $102.18 and a 200 day moving average of $102.83. iShares 0-5 Year TIPS Bond ETF has a one year low of $101.11 and a one year high of $104.16.
iShares 0-5 Year TIPS Bond ETF 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.
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