Tortoise Investment Management LLC lifted its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) by 6.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 566,503 shares of the company’s stock after purchasing an additional 36,733 shares during the quarter. iShares 0-5 Year TIPS Bond ETF comprises 5.1% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 2nd largest position. Tortoise Investment Management LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $58,004,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Rossmore Private Capital acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the third quarter valued at approximately $26,000. Chapman Financial Group LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter valued at approximately $26,000. Caldwell Trust Co acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at approximately $29,000. Avalon Trust Co bought a new position in iShares 0-5 Year TIPS Bond ETF in the third quarter valued at approximately $41,000. Finally, Rice Partnership LLC bought a new position in iShares 0-5 Year TIPS Bond ETF in the third quarter valued at approximately $42,000.
iShares 0-5 Year TIPS Bond ETF Stock Down 0.0%
Shares of STIP stock opened at $103.55 on Tuesday. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $101.98 and a 52-week high of $104.16. The firm’s 50 day moving average price is $103.53 and its two-hundred day moving average price is $103.03.
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.
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Want to see what other hedge funds are holding STIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report).
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