Modera Wealth Management LLC Has $252.66 Million Holdings in iShares 0-5 Year TIPS Bond ETF $STIP

Modera Wealth Management LLC boosted its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 7.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,442,854 shares of the company’s stock after acquiring an additional 163,586 shares during the period. iShares 0-5 Year TIPS Bond ETF accounts for about 3.0% of Modera Wealth Management LLC’s holdings, making the stock its 6th biggest position. Modera Wealth Management LLC owned 1.70% of iShares 0-5 Year TIPS Bond ETF worth $252,664,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of STIP. Chapman Financial Group LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the 2nd quarter worth approximately $26,000. IFC & Insurance Marketing Inc. purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at $27,000. Caldwell Trust Co purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at $29,000. Kingdom Financial Group LLC. bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth $29,000. Finally, Torren Management LLC bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth $41,000.

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

Shares of STIP stock opened at $101.44 on Friday. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $101.11 and a 52-week high of $104.16. The business’s fifty day moving average is $102.37 and its 200 day moving average is $102.86.

About iShares 0-5 Year TIPS Bond ETF

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.