Financial Gravity Asset Management Inc. Boosts Stake in iShares 0-5 Year TIPS Bond ETF $STIP

Financial Gravity Asset Management Inc. increased its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 8.8% during the fourth quarter, HoldingsChannel reports. The firm owned 180,432 shares of the company’s stock after acquiring an additional 14,600 shares during the period. iShares 0-5 Year TIPS Bond ETF comprises approximately 3.5% of Financial Gravity Asset Management Inc.’s portfolio, making the stock its 5th biggest holding. Financial Gravity Asset Management Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $18,474,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Modera Wealth Management LLC raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 6.7% in the 4th quarter. Modera Wealth Management LLC now owns 2,279,268 shares of the company’s stock worth $233,374,000 after purchasing an additional 142,348 shares during the period. Ritholtz Wealth Management raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 5.1% in the 4th quarter. Ritholtz Wealth Management now owns 2,255,855 shares of the company’s stock worth $230,977,000 after purchasing an additional 109,416 shares during the period. Bank of America Corp DE raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 8.7% in the 3rd quarter. Bank of America Corp DE now owns 1,755,257 shares of the company’s stock worth $181,423,000 after purchasing an additional 140,223 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 8.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,148,502 shares of the company’s stock worth $117,595,000 after purchasing an additional 86,535 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 4.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,119,136 shares of the company’s stock worth $114,588,000 after purchasing an additional 43,725 shares during the period.

iShares 0-5 Year TIPS Bond ETF Stock Down 0.0%

NYSEARCA:STIP opened at $102.38 on Friday. The firm’s 50 day moving average is $103.36 and its 200 day moving average is $103.03. iShares 0-5 Year TIPS Bond ETF has a 12 month low of $102.12 and a 12 month high of $104.16.

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.