Tortoise Investment Management LLC Has $92.05 Million Stock Holdings in iShares 0-5 Year TIPS Bond ETF $STIP

Tortoise Investment Management LLC lifted its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 7.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 900,987 shares of the company’s stock after buying an additional 60,756 shares during the period. iShares 0-5 Year TIPS Bond ETF makes up approximately 6.9% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 2nd biggest position. Tortoise Investment Management LLC owned about 0.57% of iShares 0-5 Year TIPS Bond ETF worth $92,045,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Buttonwood Financial Group LLC grew its stake in iShares 0-5 Year TIPS Bond ETF by 1.8% during the second quarter. Buttonwood Financial Group LLC now owns 6,001 shares of the company’s stock worth $613,000 after buying an additional 108 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 16.0% in the 3rd quarter. Parallel Advisors LLC now owns 811 shares of the company’s stock valued at $84,000 after purchasing an additional 112 shares during the last quarter. United Asset Strategies Inc. raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 1.8% during the 1st quarter. United Asset Strategies Inc. now owns 6,594 shares of the company’s stock worth $682,000 after buying an additional 119 shares in the last quarter. Breakwater Capital Group lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 0.4% during the 1st quarter. Breakwater Capital Group now owns 28,642 shares of the company’s stock worth $2,962,000 after buying an additional 120 shares during the last quarter. Finally, Running Point Capital Advisors LLC grew its position in iShares 0-5 Year TIPS Bond ETF by 36.9% in the fourth quarter. Running Point Capital Advisors LLC now owns 449 shares of the company’s stock valued at $46,000 after acquiring an additional 121 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Down 0.0%

Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $100.79 on Thursday. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $100.53 and a 1 year high of $104.16. The firm’s 50 day moving average is $101.01 and its 200 day moving average is $102.39.

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.