Tyche Wealth Partners LLC Acquires 4,908 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

Tyche Wealth Partners LLC raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 64.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,578 shares of the company’s stock after acquiring an additional 4,908 shares during the period. Tyche Wealth Partners LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,300,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of STIP. Envestnet Asset Management Inc. boosted its holdings in iShares 0-5 Year TIPS Bond ETF by 356.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,245,078 shares of the company’s stock valued at $333,946,000 after acquiring an additional 2,533,763 shares during the period. Ritholtz Wealth Management boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 6.0% during the third quarter. Ritholtz Wealth Management now owns 2,146,439 shares of the company’s stock valued at $221,856,000 after purchasing an additional 121,719 shares during the period. Modera Wealth Management LLC grew its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 5.4% in the third quarter. Modera Wealth Management LLC now owns 2,136,920 shares of the company’s stock worth $220,872,000 after purchasing an additional 109,263 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 71.1% in the second quarter. Bank of America Corp DE now owns 1,615,034 shares of the company’s stock worth $166,203,000 after purchasing an additional 671,145 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 34.1% in the second quarter. JPMorgan Chase & Co. now owns 1,543,492 shares of the company’s stock worth $158,841,000 after buying an additional 392,850 shares during the period.

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

NYSEARCA:STIP opened at $102.95 on Friday. The company has a fifty day moving average of $102.59 and a 200 day moving average of $103.00. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $101.38 and a 52 week high of $103.93.

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.