Modern Wealth Management LLC Cuts Stock Position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Modern Wealth Management LLC reduced its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 39.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 634,297 shares of the company’s stock after selling 417,045 shares during the quarter. iShares 0-5 Year TIPS Bond ETF accounts for approximately 2.3% of Modern Wealth Management LLC’s holdings, making the stock its 10th biggest holding. Modern Wealth Management LLC owned approximately 0.78% of iShares 0-5 Year TIPS Bond ETF worth $64,476,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of STIP. Haverford Trust Co lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 2.1% during the 4th quarter. Haverford Trust Co now owns 592,789 shares of the company’s stock worth $59,635,000 after acquiring an additional 12,326 shares during the last quarter. TAGStone Capital Inc. lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 198.7% during the fourth quarter. TAGStone Capital Inc. now owns 11,891 shares of the company’s stock worth $1,196,000 after purchasing an additional 7,910 shares during the last quarter. Clune & Associates LTD. purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter valued at $528,000. LPL Financial LLC grew its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 5.2% in the fourth quarter. LPL Financial LLC now owns 1,538,970 shares of the company’s stock worth $154,820,000 after purchasing an additional 75,531 shares during the last quarter. Finally, Sykon Capital LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth about $654,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

iShares 0-5 Year TIPS Bond ETF stock opened at $102.79 on Tuesday. The firm has a 50-day moving average of $101.92 and a two-hundred day moving average of $101.22. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $98.53 and a 1 year high of $102.97.

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.