Portside Wealth Group LLC Has $3.32 Million Stock Holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Portside Wealth Group LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 104.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 32,995 shares of the company’s stock after acquiring an additional 16,881 shares during the quarter. Portside Wealth Group LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $3,319,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of iShares 0-5 Year TIPS Bond ETF by 9.7% during the fourth quarter. FMR LLC now owns 3,308,805 shares of the company’s stock worth $332,866,000 after acquiring an additional 293,457 shares in the last quarter. Modera Wealth Management LLC boosted its position in iShares 0-5 Year TIPS Bond ETF by 4.6% during the 4th quarter. Modera Wealth Management LLC now owns 1,894,273 shares of the company’s stock worth $190,564,000 after acquiring an additional 82,678 shares during the last quarter. LPL Financial LLC boosted its holdings in iShares 0-5 Year TIPS Bond ETF by 5.2% during the fourth quarter. LPL Financial LLC now owns 1,538,970 shares of the company’s stock worth $154,820,000 after purchasing an additional 75,531 shares during the last quarter. 3EDGE Asset Management LP increased its stake in iShares 0-5 Year TIPS Bond ETF by 156.7% in the 4th quarter. 3EDGE Asset Management LP now owns 1,261,483 shares of the company’s stock valued at $126,905,000 after buying an additional 770,017 shares during the last quarter. Finally, Brooklyn FI LLC increased its position in shares of iShares 0-5 Year TIPS Bond ETF by 6,349.4% in the fourth quarter. Brooklyn FI LLC now owns 1,215,009 shares of the company’s stock valued at $122,469,000 after acquiring an additional 1,196,170 shares during the last quarter.

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

Shares of STIP stock opened at $102.25 on Wednesday. iShares 0-5 Year TIPS Bond ETF has a one year low of $98.84 and a one year high of $103.61. The company has a fifty day moving average price of $102.69 and a two-hundred day moving average price of $101.87.

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.