iShares 0-5 Year TIPS Bond ETF $STIP Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC trimmed its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 19.5% in the 1st quarter, Holdings Channel reports. The firm owned 351,679 shares of the company’s stock after selling 85,005 shares during the period. Modern Wealth Management LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $36,265,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in STIP. Chapman Financial Group LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at $26,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $27,000. Caldwell Trust Co purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $29,000. Kingdom Financial Group LLC. acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at about $29,000. Finally, Torren Management LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at about $41,000.

iShares 0-5 Year TIPS Bond ETF Price Performance

NYSEARCA:STIP opened at $101.21 on Friday. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $101.11 and a twelve month high of $104.16. The company’s 50-day moving average price is $102.18 and its 200-day moving average price is $102.83.

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.