iShares 0-5 Year TIPS Bond ETF $STIP Stock Holdings Lifted by Destination Wealth Management

Destination Wealth Management increased its holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 2.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 762,548 shares of the company’s stock after buying an additional 18,778 shares during the period. iShares 0-5 Year TIPS Bond ETF makes up about 2.2% of Destination Wealth Management’s portfolio, making the stock its 11th largest holding. Destination Wealth Management’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $78,817,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in iShares 0-5 Year TIPS Bond ETF by 344.5% in the second quarter. Bank of New York Mellon Corp now owns 206,019 shares of the company’s stock valued at $21,201,000 after acquiring an additional 159,675 shares during the period. Vise Technologies Inc. acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 2nd quarter worth approximately $346,000. Foundations Investment Advisors LLC lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 302.9% in the 2nd quarter. Foundations Investment Advisors LLC now owns 60,836 shares of the company’s stock worth $6,261,000 after purchasing an additional 45,736 shares during the last quarter. Meridian Wealth Management LLC lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 9.6% in the 2nd quarter. Meridian Wealth Management LLC now owns 4,501 shares of the company’s stock worth $463,000 after purchasing an additional 394 shares during the last quarter. Finally, WealthShield Partners LLC boosted its position in iShares 0-5 Year TIPS Bond ETF by 351.6% during the 2nd quarter. WealthShield Partners LLC now owns 11,858 shares of the company’s stock valued at $1,220,000 after purchasing an additional 9,232 shares during the period.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of STIP opened at $103.38 on Monday. The stock has a fifty day moving average price of $102.87 and a 200 day moving average price of $103.00. iShares 0-5 Year TIPS Bond ETF has a 12 month low of $101.67 and a 12 month 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.