Grand Wealth Management LLC Sells 139 Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Grand Wealth Management LLC reduced its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,878 shares of the company’s stock after selling 139 shares during the quarter. iShares 0-5 Year TIPS Bond ETF accounts for approximately 0.3% of Grand Wealth Management LLC’s portfolio, making the stock its 25th largest holding. Grand Wealth Management LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $491,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in iShares 0-5 Year TIPS Bond ETF by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 512,440 shares of the company’s stock worth $51,920,000 after acquiring an additional 6,480 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 60.9% in the fourth quarter. Principal Financial Group Inc. now owns 16,445 shares of the company’s stock worth $1,654,000 after purchasing an additional 6,225 shares during the last quarter. IHT Wealth Management LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 79.3% in the third quarter. IHT Wealth Management LLC now owns 15,932 shares of the company’s stock worth $1,615,000 after buying an additional 7,048 shares during the period. First United Bank & Trust raised its holdings in iShares 0-5 Year TIPS Bond ETF by 19.2% during the 4th quarter. First United Bank & Trust now owns 1,914 shares of the company’s stock valued at $193,000 after buying an additional 308 shares during the last quarter. Finally, Coldstream Capital Management Inc. purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 3rd quarter valued at $200,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

STIP stock opened at $102.67 on Thursday. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $98.53 and a 12-month high of $103.61. The firm’s 50-day moving average price is $102.19 and its two-hundred day moving average price is $101.33.

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.