iShares 0-5 Year TIPS Bond ETF $STIP Stake Cut by Tortoise Investment Management LLC

Tortoise Investment Management LLC lessened its holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 14.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 766,483 shares of the company’s stock after selling 134,504 shares during the quarter. iShares 0-5 Year TIPS Bond ETF makes up about 5.7% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 2nd largest holding. Tortoise Investment Management LLC owned about 0.46% of iShares 0-5 Year TIPS Bond ETF worth $76,418,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. CENTRAL TRUST Co acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the third quarter worth $33,259,000. Spectrum Planning & Advisory Services Inc. boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 10.6% in the 3rd quarter. Spectrum Planning & Advisory Services Inc. now owns 3,216 shares of the company’s stock valued at $321,000 after buying an additional 307 shares during the period. Ritholtz Wealth Management boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 4.8% in the 3rd quarter. Ritholtz Wealth Management now owns 2,644,952 shares of the company’s stock valued at $263,702,000 after buying an additional 122,340 shares during the period. Jacobi Capital Management LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at about $26,000. Finally, Moneco Advisors LLC grew its position in shares of iShares 0-5 Year TIPS Bond ETF by 28.8% during the 3rd quarter. Moneco Advisors LLC now owns 3,945 shares of the company’s stock valued at $393,000 after buying an additional 883 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Down 0.1%

Shares of NYSEARCA:STIP opened at $99.95 on Friday. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $99.56 and a fifty-two week high of $104.16. The firm has a 50-day simple moving average of $100.32 and a 200 day simple moving average of $101.95.

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.