Modera Wealth Management LLC Purchases New Holdings in iShares 0-5 Year TIPS Bond ETF $STIP

Modera Wealth Management LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the third quarter, HoldingsChannel.com reports. The fund purchased 2,683,308 shares of the company’s stock, valued at approximately $267,526,000. iShares 0-5 Year TIPS Bond ETF makes up about 2.8% of Modera Wealth Management LLC’s investment portfolio, making the stock its 7th biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of STIP. Envestnet Asset Management Inc. lifted its holdings in iShares 0-5 Year TIPS Bond ETF by 77.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,995,879 shares of the company’s stock valued at $203,899,000 after buying an additional 870,609 shares during the period. Adventist Health System Sunbelt Healthcare Corp grew its holdings in iShares 0-5 Year TIPS Bond ETF by 113.7% during the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 1,560,200 shares of the company’s stock worth $161,371,000 after acquiring an additional 830,200 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in iShares 0-5 Year TIPS Bond ETF by 9.4% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,322,733 shares of the company’s stock worth $135,130,000 after acquiring an additional 113,391 shares during the period. Farther Finance Advisors LLC grew its holdings in iShares 0-5 Year TIPS Bond ETF by 14.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,278,077 shares of the company’s stock worth $127,424,000 after acquiring an additional 159,586 shares during the period. Finally, Wealthcare Capital Management LLC raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 2.3% during the 2nd quarter. Wealthcare Capital Management LLC now owns 938,761 shares of the company’s stock valued at $95,904,000 after acquiring an additional 21,225 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Trading Up 0.2%

Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $101.20 on Friday. The firm has a fifty day moving average of $100.41 and a two-hundred day moving average of $102.05. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $99.56 and a 52 week high of $104.16.

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.