Grand Wealth Management LLC Lowers Position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Grand Wealth Management LLC lessened its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 2.8% during the 4th quarter, Holdings Channel reports. The fund owned 4,878 shares of the company’s stock after selling 139 shares during the period. iShares 0-5 Year TIPS Bond ETF comprises approximately 0.3% of Grand Wealth Management LLC’s holdings, making the stock its 25th largest position. Grand Wealth Management LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $491,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Modera Wealth Management LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 4.6% in the fourth quarter. Modera Wealth Management LLC now owns 1,894,273 shares of the company’s stock valued at $190,564,000 after acquiring an additional 82,678 shares in the last quarter. Ritholtz Wealth Management lifted its position in iShares 0-5 Year TIPS Bond ETF by 3.9% during the fourth quarter. Ritholtz Wealth Management now owns 1,572,147 shares of the company’s stock valued at $158,158,000 after purchasing an additional 59,199 shares during the period. LPL Financial LLC boosted its stake 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 buying an additional 75,531 shares during the last quarter. 3EDGE Asset Management LP boosted its position in iShares 0-5 Year TIPS Bond ETF by 156.7% in the 4th quarter. 3EDGE Asset Management LP now owns 1,261,483 shares of the company’s stock worth $126,905,000 after purchasing an additional 770,017 shares in the last quarter. Finally, Brooklyn FI LLC grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 6,349.4% during the 4th quarter. Brooklyn FI LLC now owns 1,215,009 shares of the company’s stock worth $122,469,000 after purchasing an additional 1,196,170 shares during the period.

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

STIP opened at $102.67 on Thursday. The firm has a fifty day moving average price of $102.19 and a 200 day moving average price of $101.33. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $98.53 and a 1 year high of $103.61.

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.