Phillips Financial Management LLC Decreases Holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Phillips Financial Management LLC lessened its holdings in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 15.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,280 shares of the company’s stock after selling 5,294 shares during the period. Phillips Financial Management LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $2,865,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Modera Wealth Management LLC increased its stake in iShares 0-5 Year TIPS Bond ETF by 5.9% in the third quarter. Modera Wealth Management LLC now owns 1,811,595 shares of the company’s stock valued at $183,551,000 after purchasing an additional 101,437 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 5.9% in the 3rd quarter. Ritholtz Wealth Management now owns 1,512,948 shares of the company’s stock valued at $153,292,000 after buying an additional 84,443 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of iShares 0-5 Year TIPS Bond ETF by 6.2% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 807,384 shares of the company’s stock valued at $80,327,000 after buying an additional 47,113 shares during the last quarter. Destination Wealth Management raised its stake in iShares 0-5 Year TIPS Bond ETF by 1.8% during the 2nd quarter. Destination Wealth Management now owns 688,194 shares of the company’s stock worth $68,468,000 after acquiring an additional 12,497 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its position in iShares 0-5 Year TIPS Bond ETF by 19.6% in the second quarter. Tortoise Investment Management LLC now owns 450,414 shares of the company’s stock valued at $44,812,000 after acquiring an additional 73,759 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA STIP opened at $100.62 on Monday. The company has a fifty day moving average of $100.93 and a two-hundred day moving average of $100.03. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $97.24 and a 1 year high of $101.52.

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.